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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 3,859 $ 2,379
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 85,092 85,339
Amortization of market-lease intangibles and inducements, net (2,064) (2,717)
Amortization of debt discounts and financing costs 1,742 3,286
Straight-line rent adjustments, net (2,652) (2,492)
Provision for estimated credit losses 115 332
Impairment of real estate assets 3,854 0
Gain on sale of investment properties (334) (2,691)
Equity in losses of unconsolidated entities 0 447
Stock-based compensation expense, net 7,329 6,610
Changes in operating assets and liabilities:    
Accounts and rents receivable 3,093 4,306
Deferred costs and other assets, net (1,039) 2,375
Accounts payable and accrued expenses 1,684 3,017
Other liabilities (787) (388)
Net cash provided by operating activities 99,892 99,803
Cash flows from investing activities:    
Purchase of investment properties (82,965) (152,047)
Capital investments and leasing costs (25,612) (26,309)
Proceeds from sale of investment properties, net 549 12,559
Distributions from unconsolidated entities 0 91,355
Other investing activities, net (253) (1,736)
Net cash used in investing activities (108,281) (76,178)
Cash flows from financing activities:    
Payment of tax withholdings for share-based compensation (1,212) (556)
Proceeds from sale of common stock under offering 257,600 0
Proceeds from sale of common stock under ESPP 280 0
Payment of offering costs (11,792) 0
Distributions to shareholders (45,324) (42,938)
Line of credit proceeds 10,000 30,000
Line of credit repayments (10,000) (30,000)
Payoffs of debt (88,168) (13,700)
Principal payments on mortgage debt 0 (32)
Other financing activities 0 (50)
Net cash provided by (used in) financing activities 111,384 (57,276)
Net decrease in cash, cash equivalents and restricted cash 102,995 (33,651)
Cash, cash equivalents and restricted cash at the beginning of the period 99,763 137,762
Cash, cash equivalents and restricted cash at the end of the period 202,758 104,111
Cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of capitalized interest 31,266 28,133
Cash paid for income taxes, net of refunds 569 525
Previously held equity investments in real estate assets acquired 0 39,603
Distributions payable to shareholders 17,455 14,553
Accrued capital investments and leasing costs 5,008 3,836
Capitalized costs placed in service 8,129 13,800
Gross issuance of shares for stock-based compensation 4,308 2,072
Purchase of investment properties:    
Net investment properties 84,136 200,085
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 15,556 52,871
Accounts payable and accrued expenses, lease intangibles, and other liabilities (4,137) (9,133)
Assumption of mortgage debt, at fair value (12,590) (91,776)
Cash outflow for purchase of investment properties, net 82,965 152,047
Assumption of mortgage principal 13,000 92,468
Capitalized acquisition costs (361) (150)
Credits and other changes in cash outflow, net 996 (365)
Gross acquisition price of investment properties 96,600 244,000
Sale of investment properties:    
Net investment properties 215 10,086
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 0 297
Accounts payable and accrued expenses, lease intangibles, and other liabilities 0 (515)
Gain on sale of investment properties 334 2,691
Proceeds from sale of investment properties, net 549 12,559
Credits and other changes in cash inflow, net 53 583
Gross disposition price of investment properties $ 602 $ 13,142