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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate assets:    
Land [1] $ 590,327 $ 596,715
Buildings and improvements [1] 1,194,887 1,198,597
Real estate assets [1] 1,785,214 1,795,312
Accumulated depreciation [1] (161,466) (136,901)
Real estate investment property, net, before developments in progress [1] 1,623,748 1,658,411
Developments in progress [1] 7,162 5,576
Net investment in real estate assets [1] 1,630,910 1,663,987
Cash and cash equivalents [1] 22,555 44,718
Restricted cash [1] 72,432 97,231
Available-for-sale securities - at fair value (amortized cost of $259,928 and $293,476 as of March 31, 2023 and December 31, 2022, respectively) [1] 259,404 292,422
Receivables:    
Tenant [1] 32,590 40,620
Other [1] 4,203 3,876
Investments in unconsolidated affiliates [1] 75,900 77,295
In-place leases, net [1] 219,391 247,497
Above market leases, net [1] 156,274 171,265
Intangible lease assets and other assets [1] 42,132 39,332
Total assets [1] 2,515,791 2,678,243
LIABILITIES AND EQUITY    
Mortgage and other indebtedness, net 1,946,429 2,000,186
Below market leases, net 101,628 110,616
Accounts payable and accrued liabilities 110,129 200,312
Total liabilities [1] 2,158,186 2,311,114
Shareholders' equity:    
Common stock, $.001 par value, 200,000,000 shares authorized, 32,060,956 and 31,780,109 issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 32 32
Additional paid-in capital 711,956 710,497
Accumulated other comprehensive loss (524) (1,054)
Accumulated deficit (348,699) (338,934)
Total shareholders' equity 362,765 370,541
Noncontrolling interests (5,160) (3,412)
Total equity 357,605 367,129
Total liabilities, redeemable noncontrolling interests and equity $ 2,515,791 $ 2,678,243
[1] As of March 31, 2023, includes $187,693 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $203,730 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7.