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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate assets:    
Land [1] $ 592,553 $ 599,283
Buildings and improvements [1] 1,171,468 1,173,106
Real estate assets [1] 1,764,021 1,772,389
Accumulated depreciation [1] (77,968) (19,939)
Real estate investment property, net, before developments in progress [1] 1,686,053 1,752,450
Developments in progress [1] 13,201 16,665
Net investment in real estate assets [1] 1,699,254 1,769,115
Cash and cash equivalents [1] 177,065 169,554
Available-for-sale securities - at fair value (amortized cost of $150,057 and $149,999 as of June 30, 2022 and December 31, 2021, respectively) [1] 150,063 149,996
Receivables:    
Tenant [1] 27,256 25,190
Other [1] 4,084 4,793
Investments in unconsolidated affiliates [1] 85,685 103,655
In-place leases, net [1] 307,887 384,705
Above market leases, net [1] 201,499 234,286
Intangible lease assets and other assets [1] 121,749 104,685
Total assets [1] 2,774,542 2,945,979
LIABILITIES AND EQUITY    
Mortgage and other indebtedness, net 2,035,389 1,813,209
Below market leases, net 131,135 151,871
Accounts payable and accrued liabilities 146,393 184,404
Total liabilities [1] 2,312,917 2,544,879
Shareholders' equity:    
Common stock, $.001 par value, 200,000,000 shares authorized, 31,814,178 and 20,774,716 issued and outstanding in 2022 and 2021, respectively 32 21
Additional paid-in capital 705,884 547,726
Accumulated other comprehensive income (loss) 6 (3)
Accumulated deficit (241,609) (151,545)
Total shareholders' equity 464,313 396,199
Noncontrolling interests (2,688) 4,901
Total equity 461,625 401,100
Total liabilities, redeemable noncontrolling interests and equity $ 2,774,542 2,945,979
Senior Notes    
LIABILITIES AND EQUITY    
10% senior secured notes - at fair value (carrying amount of $395,000 as of December 31, 2021)   $ 395,395
[1] As of June 30, 2022, includes $200,782 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $184,458 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7.