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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investment in real estate:    
Land and improvements $ 1,586,993 $ 1,549,362
Building and improvements 3,355,433 3,237,986
In-place lease assets 452,504 441,683
Above-market lease assets 68,736 66,106
Total investment in real estate assets 5,463,666 5,295,137
Accumulated depreciation and amortization (1,110,426) (941,413)
Net investment in real estate assets 4,353,240 4,353,724
Investment in unconsolidated joint ventures 31,326 37,366
Total investment in real estate assets, net 4,384,566 4,391,090
Cash and cash equivalents 92,585 104,296
Restricted cash 22,944 27,641
Goodwill 29,066 29,066
Other assets, net 138,050 126,470
Real estate investments and other assets held for sale 1,557 0
Total assets 4,668,768 4,678,563
Liabilities:    
Debt obligations, net 1,891,722 2,292,605
Below-market lease liabilities, net 107,526 101,746
Earn-out liability 52,436 22,000
Derivative liabilities 24,096 54,759
Deferred income 19,145 14,581
Accounts payable and other liabilities 97,229 176,943
Liabilities of real estate investments held for sale 288 0
Total liabilities 2,192,442 2,662,634
Commitments and contingencies (see Note 11) 0 0
Equity:    
Preferred stock 0 0
Additional paid-in capital (“APIC”) 3,264,038 2,739,358
Accumulated other comprehensive loss (“AOCI”) (24,819) (52,306)
Accumulated deficit (1,090,837) (999,491)
Total stockholders’ equity 2,149,514 1,690,359
Noncontrolling interests 326,812 325,570
Total equity 2,476,326 2,015,929
Total liabilities and equity 4,668,768 4,678,563
Common Stock    
Equity:    
Common stock 196 0
Common Class B    
Equity:    
Common stock $ 936 $ 2,798