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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investment in real estate:    
Land and improvements $ 1,842,671 $ 1,768,487
Building and improvements 3,977,380 3,818,184
In-place lease assets 515,014 495,525
Above-market lease assets 75,500 74,446
Total investment in real estate assets 6,410,565 6,156,642
Accumulated depreciation and amortization (1,713,033) (1,540,551)
Net investment in real estate assets 4,697,532 4,616,091
Investment in unconsolidated joint ventures 27,294 25,220
Total investment in real estate assets, net 4,724,826 4,641,311
Cash and cash equivalents 6,446 4,872
Restricted cash 2,887 4,006
Goodwill 29,066 29,066
Other assets, net 187,033 186,411
Total assets 4,950,258 4,865,666
Liabilities:    
Debt obligations, net 2,104,788 1,969,272
Below-market lease liabilities, net 114,796 108,223
Accounts payable and other liabilities 129,517 116,461
Deferred income 22,099 18,359
Total liabilities 2,371,200 2,212,315
Commitments and contingencies (see Note 8) 0 0
Equity:    
Preferred stock, $0.01 par value per share, 10,000 shares authorized, zero shares issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value per share, 1,000,000 shares authorized, 122,615 and 122,024 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 1,226 1,220
Additional paid-in capital (“APIC”) 3,558,407 3,546,838
Accumulated other comprehensive income (“AOCI”) 1,907 10,523
Accumulated deficit (1,312,303) (1,248,273)
Total stockholders’ equity 2,249,237 2,310,308
Noncontrolling interests 329,821 343,043
Total equity 2,579,058 2,653,351
Total liabilities and equity $ 4,950,258 $ 4,865,666