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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investments in real estate:    
Investments in real estate, at cost $ 6,462,355 $ 1,916,770
Accumulated depreciation (243,475) (208,618)
Investments in real estate, net 6,218,880 1,708,152
Real estate held for sale 61,560  
Investment in real estate under development 41,777 0
Cash and cash equivalents 35,972 8,751
Restricted cash 29,699 4,864
Investments in unconsolidated real estate entities 24,999  
Other assets 38,052 12,338
Derivative assets 2,488  
Intangible assets, net of accumulated amortization of $4,779 and $0, respectively 53,269 792
Total Assets 6,506,696 1,734,897
LIABILITIES AND EQUITY:    
Indebtedness, net 2,705,336 945,686
Accounts payable and accrued expenses 106,332 25,416
Accrued interest payable 7,175 1,976
Dividends payable 16,792 12,257
Derivative liabilities 11,896 29,842
Other liabilities 17,089 6,949
Total Liabilities 2,864,620 1,022,126
Stockholders’ equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively
Common stock, $0.01 par value; 500,000,000 shares authorized, 220,753,735 and 101,803,762 shares issued and outstanding, including 269,622 and 339,468 unvested restricted common share awards, respectively 2,208 1,018
Additional paid-in capital 3,678,903 919,615
Accumulated other comprehensive income (loss) (11,940) (33,822)
Retained earnings (accumulated deficit) (188,410) (178,751)
Total stockholders’ equity 3,480,761 708,060
Noncontrolling interests 161,315 4,711
Total Equity 3,642,076 712,771
Total Liabilities and Equity $ 6,506,696 $ 1,734,897