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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (381,406) $ (170,700) $ (16,517)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 354,425 397,846 373,219
Non-cash interest expense 7,738 21,867 5,154
Amortization of stock-based compensation 26,009 23,863 24,296
Income from unconsolidated real estate entities 7,308 3,902 (943)
Unrealized loss on non-real estate investments 3,958 3,120 1,440
Straight-line rents 15,104 (701) (38,508)
Straight-line rent expense 5,121 5,118 3,198
Amortization of above- and below-market leases, net (4,925) (6,235) (8,032)
Amortization of above- and below-market ground lease, net 2,626 2,752 2,731
Amortization of lease incentive costs 1,659 1,115 1,545
Distribution of income from unconsolidated real estate entities 0 0 1,243
Impairment loss 149,664 60,158 28,548
Earnout liability fair value adjustment 0 (4,300) 1,757
Loss (gain) on sale of real estate 2,453 (103,202) 2,164
Loss on sale of bonds 0 34,046 0
Gain from insurance proceeds 0 0 (1,167)
Deferred tax provision 593 6,609 0
Gain on extinguishment of debt 0 (10,000) 0
Change in operating assets and liabilities:      
Accounts receivable 10,440 (5,678) 16,150
Deferred leasing costs and lease intangibles (31,450) (16,145) (33,940)
Prepaid expenses and other assets (6,651) (10,321) (2,240)
Accounts payable, accrued liabilities and other 4,351 (3,115) 11,718
Security deposits, prepaid rent and other (2,360) 2,257 (2,315)
Net cash provided by operating activities 164,657 232,256 369,501
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (199,388) (298,823) (276,798)
Additions to non-real estate property, plant and equipment (23,063) (5,740) (20,209)
Proceeds from sales of real estate 21,390 843,021 137,709
Property acquisitions 0 0 (96,459)
Acquisitions of businesses 0 0 (199,098)
Insurance proceeds for damaged property, plant and equipment 0 0 1,284
Contributions to unconsolidated real estate entities (47,753) (68,732) (40,081)
Distributions from unconsolidated real estate entities 211 2,528 1,875
Cash acquired from consolidation of previously unconsolidated real estate entity 8,814 0 0
Contributions to non-real estate investments (5,939) (4,916) (17,109)
Distributions from non-real estate investments 189 0 1,492
Proceeds from sale of non-real estate investment 0 503 0
Maturities of U.S. Government securities 0 0 129,300
Settlement of earnout liability (5,000) 0 0
Net cash (used in) provided by investing activities (250,539) 467,841 (378,094)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from unsecured and secured debt 180,741 382,356 1,197,556
Payments of unsecured and secured debt (38,000) (1,203,632) (515,000)
Payments of in-substance defeased debt 0 0 (128,212)
Payment of loan costs 0 (839) (1,573)
Repurchases of common stock 0 (1,369) (37,206)
Transaction costs (79) 0 (573)
Accelerated share repurchase 0 0 (200,000)
Dividends paid to common stock and unitholders (15,377) (54,960) (145,427)
Dividends paid to preferred stock and unitholders (20,800) (20,800) (23,324)
Contributions from redeemable non-controlling members in consolidated real estate entities 88 2,025 575
Distributions to redeemable non-controlling members in consolidated real estate entities (3,932) (82,407) (16)
Contributions from non-controlling members in consolidated real estate entities 34,056 26,480 23,689
Distributions to non-controlling members in consolidated real estate entities (29,204) (58,973) (72,346)
Purchase of non-controlling interest (41,019) 0 0
Proceeds from sale of bonds 0 145,535 0
Payments to satisfy tax withholding obligations (571) (88) (695)
Net cash provided by (used in) financing activities 65,903 (866,672) 97,448
Net (decrease) increase in cash and cash equivalents and restricted cash (19,979) (166,575) 88,855
Cash and cash equivalents and restricted cash—beginning of period 119,156 285,731 196,876
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD $ 99,177 $ 119,156 $ 285,731