CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real estate investments
Property owned	$ 1,694,033	$ 1,643,078
Less accumulated depreciation	(383,917)	(349,122)
Total property owned	1,310,116	1,293,956
Unimproved land	0	1,376
Mortgage loans receivable	10,961	16,140
Total real estate investments	1,321,077	1,311,472
Cash and cash equivalents	52,714	26,579
Restricted cash	2,535	19,538
Other assets	16,484	34,829
TOTAL ASSETS	1,392,810	1,392,418
LIABILITIES
Accounts payable and accrued expenses	54,883	47,155
Revolving lines of credit	63,000	50,079
Notes payable, net of unamortized loan costs of $845 and $942 respectively	269,155	269,058
Mortgages payable, net of unamortized loan costs of $1,525 and $1,712, respectively	323,705	329,664
TOTAL LIABILITIES	710,743	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, 3,883 shares issued and outstanding at June 30, 2020, aggregate liquidation preference of $97,085 and 4,118 shares issued and outstanding at December 31, 2019, aggregate liquidation preference of $102,971)	93,579	99,456
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 12,827 shares issued and outstanding at June 30, 2020 and 12,098 shares issued and outstanding at December 31, 2019)	958,292	917,400
Accumulated distributions in excess of net income	(421,515)	(390,196)
Accumulated other comprehensive income (loss)	(18,139)	(7,607)
Total shareholders’ equity	612,217	619,053
Noncontrolling interests – Operating Partnership (1,022 units at June 30, 2020 and 1,058 units at December 31, 2019)	52,558	55,284
Noncontrolling interests – consolidated real estate entities	732	5,565
Total equity	665,507	679,902
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	1,392,810	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 June 30, 2020 and December 31, 2019, aggregate liquidation preference of $16,560)	$ 16,560	$ 16,560