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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (96,019) $ 123,009
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 7,444 7,215
Stock-based compensation expense 20,127 1,518
Deferred operating lease income (23,415) (23,694)
Non-cash interest income from sales-type leases (62,139) (53,555)
Non-cash interest expense 10,216 8,806
Amortization of real estate-related intangibles, net 1,729 1,729
Impairment of goodwill 145,365  
Provision for credit losses 2,625  
Earnings from equity method investments (16,520) (6,772)
Distributions from operations of equity method investments 4,591 1,510
Gain on sale of net investment in lease   (55,811)
Amortization of premium, discount and deferred financing costs on debt obligations, net 5,454 4,039
Non-cash management fees 5,199 14,950
Other operating activities 408 3,486
Changes in assets and liabilities:    
Changes in deferred expenses and other assets, net (168) 10,646
Changes in accounts payable, accrued expenses and other liabilities (12,568) 15,071
Cash flows (used in) provided by operating activities (7,671) 52,147
Cash flows from investing activities:    
Acquisitions of real estate (10,817)  
Origination/acquisition of net investment in sales-type leases and Ground Lease receivables (203,364) (1,210,274)
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 (33,560) (7)
Funding reserves received from Ground Lease tenant net of disbursements (218) 30,071
Net proceeds received from sale of real estate available and held for sale 1,631  
Net proceeds from sale of net investment in lease   135,529
Deposits on Ground Lease investments (112) (2,250)
Other investing activities (3,588) (679)
Cash flows used in investing activities (449,950) (1,047,610)
Cash flows from financing activities:    
Proceeds from issuance of common stock 151,940 309,160
Proceeds from debt obligations 458,000 1,770,000
Repayments of debt obligations (145,000) (1,005,000)
Payments for deferred financing costs (4,618) (5,110)
Dividends paid to common shareholders (33,459) (31,182)
Payment of offering costs (8,071) (5,190)
Payments for withholding taxes upon vesting of stock-based compensation   (970)
Distributions to noncontrolling interests (538) (33)
Contributions from noncontrolling interests 30,439  
Contributions from redeemable noncontrolling interests   19,000
Other financing activities (1) (153)
Cash flows provided by financing activities 448,692 1,050,522
Changes in cash, cash equivalents and restricted cash (8,929) 55,059
Cash, cash equivalents and restricted cash at beginning of period 48,390 38,516
Cash, cash equivalents and restricted cash at end of period $ 39,461 $ 93,575