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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 49,515 $ 48,574
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets 188,374 175,212
Depreciation and amortization of corporate assets 1,332 1,659
Net amortization of above- and below-market leases (4,732) (3,784)
Amortization of deferred financing expenses 3,566 3,045
Amortization of debt and derivative adjustments 2,453 2,143
Loss on extinguishment or modification of debt, net 1,230 367
Loss (gain) on disposal of property, net 34 (1,070)
Impairment of investment in third parties 0 3,000
Straight-line rent (6,588) (8,089)
Share-based compensation 6,981 5,010
Return on investment in unconsolidated joint ventures 206 197
Other (610) (323)
Changes in operating assets and liabilities:    
Other assets, net (12,156) (13,633)
Accounts payable and other liabilities 21,102 6,680
Net cash provided by operating activities 250,707 218,988
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (205,002) (83,073)
Capital expenditures (55,640) (74,317)
(Payments) proceeds from sale of real estate, net (26)  
(Payments) proceeds from sale of real estate, net   7,143
Investment in unconsolidated joint ventures (3,626) 0
Return of investment in unconsolidated joint ventures 1,513 1,582
Insurance proceeds for property damage claims 3,160 2,326
Net cash used in investing activities (259,621) (146,339)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 372,000 296,000
Payments on revolving credit facility (517,000) (293,000)
Proceeds from notes and loans payable 683,108 58,000
Payments on mortgages and loans payable (407,745) (100,479)
Distributions paid (108,585) (100,341)
Distributions to noncontrolling interests (12,409) (11,938)
Proceeds from issuance of common stock 0 70,853
Payment of offering costs 0 (854)
Net cash provided by (used in) financing activities 9,369 (81,759)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 455 (9,110)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 8,878 17,349
End of period 9,333 8,239
RECONCILIATION TO CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 6,446 3,777
Restricted cash 2,887 4,462
Cash, cash equivalents, and restricted cash at end of period 9,333 8,239
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 57,627 53,957
SUPPLEMENTAL SCHEDULE OF NON-CASH ACTIVITIES:    
Right-of-use (“ROU”) assets obtained in exchange for new lease liabilities 57 888
Accrued capital expenditures 5,100 6,354
Assumed other liabilities 225 0
Assumed debt obligations, net 0 9,615
Assumed below-market debt 0 444
Change in distributions payable (12) (312)
Change in distributions payable - noncontrolling interests $ 211 $ 196