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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investment properties    
Land $ 694,668 $ 650,764
Building and other improvements 1,956,117 1,825,893
Construction in progress 5,889 5,005
Total 2,656,674 2,481,662
Less accumulated depreciation (461,352) (389,361)
Net investment properties 2,195,322 2,092,301
Cash, cash equivalents and restricted cash 99,763 137,762
Investment in unconsolidated entities 0 56,131
Intangible assets, net 114,485 101,167
Accounts and rents receivable 35,353 34,528
Deferred costs and other assets, net 42,408 51,145
Total assets 2,487,331 2,473,034
Liabilities    
Debt, net 814,568 754,551
Accounts payable and accrued expenses 44,583 42,792
Distributions payable 14,594 13,837
Intangible liabilities, net 30,344 29,658
Other liabilities 29,198 28,287
Total liabilities 933,287 869,125
Commitments and contingencies
Stockholders' Equity    
Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding 0 0
Common stock, $0.001 par value, 146,000,000 shares authorized, 67,807,831 shares issued and outstanding as of December 31, 2023 and 67,472,553 shares issued and outstanding as of December 31, 2022 68 67
Additional paid-in capital 5,468,728 5,456,968
Distributions in excess of accumulated net income (3,932,826) (3,879,847)
Accumulated comprehensive income 18,074 26,721
Total stockholders' equity 1,554,044 1,603,909
Total liabilities and stockholders' equity $ 2,487,331 $ 2,473,034