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v3.23.1

Summary of Significant Accounting Policies - Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | --- | --- | ---
Assets |  |  |  |  |  |  |
Net investment in sales-type leases |  | $ 3,139,831 |  | $ 3,106,599 |  | $ 2,739,924 | $ 2,412,716
Ground Lease receivables |  | 1,431,478 | [1] | 1,374,716 | [1] | 1,017,160 | $ 796,252
Cash and cash equivalents |  | 20,335 | [1] | 20,066 | [1] | 30,561 |
Restricted cash |  | 27,954 | [1] | 28,324 | [1] | $ 125,708 |
Liabilities |  |  |  |  |  |  |
Debt obligations, net | [1] | 3,901,838 |  | 3,521,359 |  |  |
Carrying Value |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Net investment in sales-type leases |  | 3,140,000 |  | 3,107,000 |  |  |
Ground Lease receivables |  | 1,431,000 |  | 1,375,000 |  |  |
Loan receivable, net |  | 112,000 |  |  |  |  |
Cash and cash equivalents |  | 20,000 |  | 20,000 |  |  |
Restricted cash |  | 28,000 |  | 28,000 |  |  |
Liabilities |  |  |  |  |  |  |
Debt obligations, net |  | 3,902,000 |  | 3,521,000 |  |  |
Carrying Value | Fair Value, Inputs, Level 1 |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |
Debt obligations, net |  | 739,000 |  | 738,000 |  |  |
Carrying Value | Fair Value, Inputs, Level 3 |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |
Debt obligations, net |  | 3,163,000 |  | 2,783,000 |  |  |
Fair Value |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |
Debt obligations, net |  | 3,348,000 |  | 2,931,000 |  |  |
Fair Value | Fair Value, Inputs, Level 1 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents |  | 20,000 |  | 20,000 |  |  |
Restricted cash |  | 28,000 |  | 28,000 |  |  |
Liabilities |  |  |  |  |  |  |
Debt obligations, net |  | 584,000 |  | 573,000 |  |  |
Fair Value | Fair Value, Inputs, Level 3 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Net investment in sales-type leases |  | 3,402,000 |  | 3,236,000 |  |  |
Ground Lease receivables |  | 1,631,000 |  | 1,501,000 |  |  |
Loan receivable, net |  | 112,000 |  |  |  |  |
Liabilities |  |  |  |  |  |  |
Debt obligations, net |  | $ 2,764,000 |  | $ 2,358,000 |  |  |
[1] | Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).

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