CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Real estate investments
Property owned	$ 2,326,408	$ 2,534,124
Less accumulated depreciation	(516,673)	(535,401)
Total real estate investments	1,809,735	1,998,723
Cash and cash equivalents	29,701	10,458
Restricted cash	22,496	1,433
Other assets	16,349	22,687
TOTAL ASSETS	1,878,281	2,033,301
LIABILITIES
Accounts payable and accrued expenses	62,674	58,812
Revolving lines of credit	0	113,500
Notes payable, net of unamortized loan costs of $557 and $993, respectively	299,443	399,007
Mortgages payable, net of unamortized loan costs of $3,314 and $3,615, respectively	539,245	495,126
TOTAL LIABILITIES	901,362	1,066,445
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at September 30, 2023 and December 31, 2022, aggregate liquidation preference of $16,560)	16,560	16,560
EQUITY
Series C Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, $25 per share liquidation preference, 3,881 shares issued and outstanding at September 30, 2023 and December 31, 2022, aggregate liquidation preference of $97,036)	93,530	93,530
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 15,052 shares issued and outstanding at September 30, 2023 and 15,020 shares issued and outstanding at December 31, 2022)	1,169,025	1,177,484
Accumulated distributions in excess of net income	(527,586)	(539,422)
Accumulated other comprehensive loss	(1,434)	(2,055)
Total shareholders’ equity	733,535	729,537
Noncontrolling interests – Operating Partnership and Series E preferred units	226,205	220,132
Noncontrolling interests – consolidated real estate entities	619	627
TOTAL EQUITY	960,359	950,296
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	$ 1,878,281	$ 2,033,301