CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Real estate investments
Property owned	$ 1,805,390	$ 1,643,078
Less accumulated depreciation	(380,392)	(349,122)
Total property owned	1,424,998	1,293,956
Unimproved land	0	1,376
Mortgage loans receivable	17,986	16,140
Total real estate investments	1,442,984	1,311,472
Cash and cash equivalents	16,804	26,579
Restricted cash	2,199	19,538
Other assets	16,947	34,829
TOTAL ASSETS	1,478,934	1,392,418
LIABILITIES
Accounts payable and accrued expenses	58,596	47,155
Revolving lines of credit	135,000	50,079
Notes payable, net of unamortized loan costs of $798 and $942 respectively	269,202	269,058
Mortgages payable, net of unamortized loan costs of $1,446 and $1,712, respectively	313,065	329,664
TOTAL LIABILITIES	775,863	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, 3,881 shares issued and outstanding at September 30, 2020, aggregate liquidation preference of $97,036 and 4,118 shares issued and outstanding at December 31, 2019, aggregate liquidation preference of $102,971)	93,530	99,456
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 12,976 shares issued and outstanding at September 30, 2020 and 12,098 shares issued and outstanding at December 31, 2019)	968,436	917,400
Accumulated distributions in excess of net income	(412,577)	(390,196)
Accumulated other comprehensive income (loss)	(17,256)	(7,607)
Total shareholders’ equity	632,133	619,053
Noncontrolling interests – Operating Partnership (1,018 units at September 30, 2020 and 1,058 units at December 31, 2019)	53,669	55,284
Noncontrolling interests – consolidated real estate entities	709	5,565
Total equity	686,511	679,902
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	1,478,934	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 September 30, 2020 and December 31, 2019, aggregate liquidation preference of $16,560)	$ 16,560	$ 16,560