CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Real estate investments
Property owned	$ 1,687,436	$ 1,643,078
Less accumulated depreciation	(366,307)	(349,122)
Total property owned	1,321,129	1,293,956
Unimproved land	1,376	1,376
Mortgage loans receivable	16,775	16,140
Total real estate investments	1,339,280	1,311,472
Cash and cash equivalents	26,338	26,579
Restricted cash	2,344	19,538
Other assets	21,124	34,829
TOTAL ASSETS	1,389,086	1,392,418
LIABILITIES
Accounts payable and accrued expenses	52,337	47,155
Revolving lines of credit	83,000	50,079
Notes payable, net of unamortized loan costs of $894 and $942 respectively	269,106	269,058
Mortgages payable, net of unamortized loan costs of $1,621 and $1,712, respectively	328,367	329,664
TOTAL LIABILITIES	732,810	695,956
COMMITMENTS AND CONTINGENCIES (NOTE 10)
EQUITY
Series C Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, $25 per share liquidation preference, 3,982 shares issued and outstanding at March 31, 2020, aggregate liquidation preference of $99,552 and 4,118 shares issued and outstanding at December 31, 2019, aggregate liquidation preference of $102,971)	96,046	99,456
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 12,163 shares issued and outstanding at March 31, 2020 and 12,098 shares issued and outstanding at December 31, 2019)	912,653	917,400
Accumulated distributions in excess of net income	(407,150)	(390,196)
Accumulated other comprehensive income (loss)	(17,360)	(7,607)
Total shareholders’ equity	584,189	619,053
Noncontrolling interests – Operating Partnership (1,043 units at March 31, 2020 and 1,058 units at December 31, 2019)	54,777	55,284
Noncontrolling interests – consolidated real estate entities	750	5,565
Total equity	639,716	679,902
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	1,389,086	1,392,418
Series D Preferred Units
LIABILITIES
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at March 31, 2020 and December 31, 2019, aggregate liquidation preference of $16,560)	$ 16,560	$ 16,560