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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net (loss) income $ (282,083) $ 40,693 $ 66,659
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 730,709 453,082 202,714
Other amortization 45,181 24,695 3,793
Share-based compensation 14,288 20,346 10,729
Amortization of straight-line rent receivable (lessor) (38,676) (23,498) (5,801)
Amortization of straight-line rent on operating leases (lessee) 6,084 3,374 1,498
Gain on sales of real estate properties (77,546) (270,271) (55,940)
(Gain) loss on extinguishment of debt (62) 2,401 0
Impairment of real estate properties and credit loss reserves 154,912 54,427 17,101
Equity loss from unconsolidated joint ventures 1,682 687 795
Distributions from unconsolidated joint ventures 17,880 1,881 0
Non-cash interest from financing and real estate notes receivable (1,654) (2,257) (391)
Changes in operating assets and liabilities:      
Other assets, including right-of-use-assets (55,946) (26,098) (11,436)
Accounts payable and accrued liabilities (18,775) 24,191 (839)
Other liabilities 3,826 (30,906) 3,747
Net cash provided by operating activities 499,820 272,747 232,629
INVESTING ACTIVITIES      
Acquisitions of real estate (49,171) (402,529) (365,943)
Development of real estate (41,058) (37,862) (4,029)
Additional long-lived assets (231,026) (163,544) (100,689)
Funding of mortgages and notes receivable (26,803) (23,325) 0
Investments in unconsolidated joint ventures (3,824) (99,967) (89,600)
Investment in financing receivable (1,801) (1,002) (186,433)
Proceeds from sales of real estate properties and additional long-lived assets 701,434 1,201,068 184,221
Contributions from redeemable non-controlling interests 1,389 0 0
Proceeds from notes receivable repayments 0 1,688 0
Cash assumed in Merger, including restricted cash for special dividend payment 0 1,159,837
Net cash provided by (used in) investing activities 349,140 1,634,364 (562,473)
FINANCING ACTIVITIES      
Net (repayments) borrowing on unsecured credit facility (385,000) 40,000 210,000
Borrowings on term loans 0 666,500 0
Repayment on term loan 0 (1,141,500) 0
Repayments of notes and bonds payable (19,143) (20,042) (24,557)
Redemption of notes and bonds payable 0 (2,184) 0
Dividends paid (472,242) (283,713) (175,456)
Special dividend paid in relation to the Merger 0 (1,123,648) 0
Net proceeds from issuance of common stock 130 22,902 331,119
Common stock redemptions (2,298) (3,192) (3,803)
Distributions to non-controlling interest of limited partners (5,123) (1,695) 0
Debt issuance and assumption costs (529) (12,753) (405)
Payments made on finance leases (17) 0 (9,182)
Net cash (used in) provided by financing activities (884,222) (1,859,325) 327,716
(Decrease) increase in cash and cash equivalents (35,262) 47,786 (2,128)
Cash and cash equivalents cash at beginning of period 60,961 13,175 15,303
Cash and cash equivalents at end of period 25,699 60,961 13,175
Supplemental Cash Flow Information      
Interest paid 216,033 112,692 49,443
Mortgage notes payable assumed in connection with acquisition of real estate, net 5,284 0 11,790
Invoices accrued for construction, tenant improvements and other capitalized costs 31,469 48,292 17,655
Capitalized interest 2,961 1,410 221
Mortgage note receivables taken in connection with sale of real estate 51,000 0 0
Real estate notes receivable assumed in Merger (adjusted to fair value) 0 74,819 0
Unsecured credit facility and term loans assumed in Merger (adjusted to fair value) 0 1,758,650 0
Senior notes assumed in Merger (adjusted to fair value) 0 2,232,650 0
Consideration transferred in relation to the Merger $ 0 $ 5,576,463 $ 0