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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 income (loss) $ (5,887) $ 11,647 $ 21,669
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 56,110 60,230 64,619
Change in deferred tax assets and liabilities 845 (3,301) (1,073)
Accretion of fair market value adjustment of secured debt 120 13 (36)
Amortization of debt issuance costs 4,115 2,728 2,594
Equity based compensation expense 5,258 5,258 3,968
Non-cash adjustment from equity method investments in JV Properties 1,380 1,625 760
Non-cash adjustment from equity method investments in Managed REITs 1,414 1,694 930
Accretion of financing fee revenues (181) (664) (681)
Contingent earnout adjustment 0 0 1,514
Unrealized foreign currency and derivative (gains) losses 2,092 (1,035) 8,497
Loss on debt extinguishment 471 0 2,393
Issuance of noncontrolling interest in SST VI Advisor 330 0 0
Non-cash adjustments for sponsor funding reduction 844 34 0
Gain on equity interests upon acquisition 0 0 (16,101)
Write-off of equity interest and preexisting relationships upon acquisition of control 0 0 2,050
Increase (decrease) in cash from changes in assets and liabilities:      
Other assets, net (639) 958 (780)
Managed REITs receivables (10,049) (2,751) 365
Due to affiliates (54) 6 (18)
Accounts payable and accrued liabilities 7,858 (3,251) 3,293
Payment for SOFR interest rate caps 0 0 (6,054)
Net cash provided by operating activities 64,027 73,191 87,909
Cash flows from investing activities:      
Purchase of real estate (146,360) (15,617) (72,513)
Additions to real estate and construction in process (11,464) (10,466) (10,415)
Insurance proceeds on insured property damage 500 1,726 0
Deposits on acquisition of real estate (3,822) (753) (1,384)
Settlement of foreign currency hedges designated for hedge accounting 1,939 2,851 0
Capital distributions from Managed REITs 616 597 0
Investments in unconsolidated JV Properties (8,890) (9,517) (4,823)
Capital distributions from unconsolidated JV Properties 1,816 1,321 0
SSGT III Promissory Note funding (7,000) 0 0
SST VI Note funding (8,000) (15,000) 0
SST VI preferred equity investment 0 (15,000) 0
SST VI preferred equity investment redemption 0 15,000 0
Purchase of SST VI Subordinated Class C Units (1,217) (3,197) 0
Purchase of other assets (79) (183) 0
Investments in Managed REITs 0 0 (5,003)
Net proceeds from the sale of real estate 0 0 228
Net cash (used in) provided by investing activities (180,938) 262 (205,151)
Cash flows from financing activities:      
Gross proceeds from issuance of non-credit facility debt 175,440 80,149 150,000
Repayment of non-credit facility debt (20,000) (12,017) (86,237)
Scheduled principal payments on non-credit facility debt (3,524) (2,639) (2,513)
Proceeds from issuance of credit facility debt 669,950 135,000 318,000
Repayment of credit facility debt (623,808) (184,512) (183,000)
Debt issuance costs (10,076) (871) (2,082)
Debt defeasance costs 0 0 (2,544)
Offering costs (144) (11) (601)
Redemption of common stock (33,845) (18,992) (1,763)
Restricted stock withholding for payroll taxes (219) (247) 0
Gross proceeds from issuance of equity in other non controlling interests 0 0 1
Distributions paid to preferred stockholders (12,509) (12,500) (12,500)
Distributions paid to common stockholders (37,377) (40,598) (49,392)
Distributions paid to noncontrolling interest in our OP (8,606) (8,273) (7,033)
Distributions paid to other noncontrolling interests (466) (588) (269)
Net cash provided by (used in) financing activities 94,816 (66,099) 120,067
Impact of foreign exchange rate changes on cash and restricted cash (2,031) 35 (1,473)
Change in cash, cash equivalents, and restricted cash (24,126) 7,389 1,352
Cash, cash equivalents, and restricted cash beginning of year 53,427 46,038 44,686
Cash, cash equivalents, and restricted cash end of year 29,301 53,427 46,038
Supplemental disclosures and non-cash transactions:      
Cash paid for interest, net of capitalized interest 66,007 55,647 36,524
Cash paid for income taxes 298 407 266
Supplemental disclosure of noncash activities:      
Issuance of shares pursuant to distribution reinvestment plan 20,667 17,636 5,243
Distributions payable 9,257 9,156 9,324
Real estate and construction in process included in accounts payable and accrued liabilities 873 433 516
Acquisition of real estate with 2027 Ladera Ranch Loan 40,740 0 0
Deposit applied to the purchase of real estate 0 400 190
Redemption of common stock included in accounts payable and accrued liabilities 0 3,945 0
Earnest deposits on acquisitions assigned to the Managed REITs, amounts reclassified to Managed REITs receivables 0 1,195 0
Intangible assets applied to the purchase of real estate 0 8,370 0
Conversion of A-2 Units into A-1 Units 0 0 31,514
Issuance of common stock and OP Units in connection with the mergers 0 0 168,792
SSGT III      
Cash flows from investing activities:      
Bridge Loan funding (20,000) 0 0
Bridge Loan repayment 17,023 0 0
SSGT II Merger      
Cash flows from investing activities:      
Merger, net of cash acquired 0 0 (65,541)
SST VI Mezzanine      
Cash flows from investing activities:      
Mezzanine loan funding 0 (15,000) (28,200)
Mezzanine Loan repayment 0 50,000 0
SSGT III Mezzanine      
Cash flows from investing activities:      
Mezzanine loan funding 0 (16,000) (59,500)
Mezzanine Loan repayment $ 4,000 $ 29,500 $ 42,000