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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investment properties    
Land $ 712,827 $ 712,827
Building and other improvements 2,118,527 2,116,092
Construction in progress 6,245 9,951
Total 2,837,599 2,838,870
Less accumulated depreciation (524,831) (511,969)
Net investment properties 2,312,768 2,326,901
Cash, cash equivalents, and restricted cash 84,579 91,221
Intangible assets, net 128,956 137,420
Accounts and rents receivable 33,798 36,131
Deferred costs and other assets, net 45,404 44,277
Total assets 2,605,505 2,635,950
Liabilities    
Debt, net 740,745 740,415
Accounts payable and accrued expenses 30,371 46,418
Distributions payable 18,438 17,512
Intangible liabilities, net 41,548 42,897
Other liabilities 29,597 28,703
Total liabilities 860,699 875,945
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, 77,567,764 shares issued and outstanding as of March 31, 2025 and 77,450,794 shares issued and outstanding as of December 31, 2024 78 77
Additional paid-in capital 5,730,641 5,730,367
Distributions in excess of accumulated net income (3,996,511) (3,984,865)
Accumulated comprehensive income 10,598 14,426
Total stockholders' equity 1,744,806 1,760,005
Total liabilities and stockholders' equity $ 2,605,505 $ 2,635,950