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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 26,827 $ 47,618
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 4,925 4,808
Stock-based compensation expense 12,670 1,465
Deferred operating lease income (15,630) (15,812)
Non-cash interest income from sales-type leases (41,084) (33,659)
Non-cash interest expense 7,421 5,977
Amortization of real estate-related intangibles, net 1,152 1,152
Provision for credit losses 2,289  
Earnings from equity method investments (9,069) (4,528)
Distributions from operations of equity method investments 1,860 1,051
Amortization of premium, discount and deferred financing costs on debt obligations, net 3,623 2,676
Non-cash management fees 5,199 9,666
Other operating activities 242 2,496
Changes in assets and liabilities:    
Changes in deferred expenses and other assets, net (10,234) 263
Changes in accounts payable, accrued expenses and other liabilities 339 23,492
Cash flows (used in) provided by operating activities (9,470) 46,665
Cash flows from investing activities:    
Origination/acquisition of net investment in sales-type leases and Ground Lease receivables (130,744) (907,281)
Origination of loans receivable, net (114,450)  
Payment for merger consideration (88,685)  
Cash and cash equivalents acquired upon merger 3,213  
Contributions to equity method investments (18,362) (2)
Funding reserves received from Ground Lease tenant net of disbursements (218) 58,768
Net proceeds received from sale of real estate available and held for sale 1,631  
Deposits on Ground Lease investments   (2,250)
Other investing activities (8,211) 72
Cash flows used in investing activities (355,826) (850,693)
Cash flows from financing activities:    
Proceeds from issuance of common stock   309,160
Proceeds from debt obligations 358,000 1,460,000
Repayments of debt obligations 0 (880,000)
Payments for deferred financing costs (4,615) (5,034)
Dividends paid to common shareholders (22,144) (20,200)
Payment of offering costs (1,822) (4,815)
Payments for withholding taxes upon vesting of stock-based compensation   (970)
Distributions to noncontrolling interests (527) (22)
Contributions from noncontrolling interests 30,439 18
Contributions from redeemable noncontrolling interests   19,000
Cash flows provided by financing activities 359,331 877,137
Changes in cash, cash equivalents and restricted cash (5,965) 73,109
Cash, cash equivalents and restricted cash at beginning of period 48,390 38,516
Cash, cash equivalents and restricted cash at end of period $ 42,425 $ 111,625