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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ (54,565) $ 144,684 $ 73,357
Adjustments to reconcile net income to cash flows from operating activities:      
Depreciation and amortization 9,936 9,613 9,562
Stock-based compensation expense 23,230 1,546 1,750
Deferred operating lease income (31,163) (31,558) (33,727)
Non-cash interest income from sales-type leases (83,780) (73,991) (43,808)
Non-cash interest expense 15,070 13,641 11,772
Amortization of real estate-related intangibles, net 2,306 2,305 2,424
Impairment of goodwill 145,365    
Provision for credit losses 2,704    
Loss on early extinguishment of debt     216
Earnings from equity method investments (24,229) (9,055) (6,279)
Distributions from operations of equity method investments 8,003 2,047 1,973
Selling profit from sales-type leases     (1,833)
Gain on sale of Ground Leases (447) (55,811)  
Amortization of premium, discount and deferred financing costs on debt obligations, net 7,288 5,384 3,771
Non-cash management fees 5,199 20,252 14,865
Other income recognized from derivative transaction (refer to Note 11) (15,191)    
Other operating activities (1,448) 4,677 4,469
Changes in assets and liabilities:      
Changes in deferred expenses and other assets, net 13,080 11,044 (286)
Changes in accounts payable, accrued expenses and other liabilities (5,967) 20,074 (11,309)
Cash flows provided by operating activities 15,391 64,852 26,917
Cash flows from investing activities:      
Acquisitions of real estate (13,078)    
Origination/acquisition of net investment in sales-type leases and Ground Lease receivables (316,755) (1,278,406) (1,247,980)
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 (52,479) (7) (39,455)
Funding reserves received from Ground Lease tenant net of disbursements (297) 296  
Net proceeds from sale of Ground Leases 4,200 135,529  
Net proceeds received from sale of real estate available and held for sale 1,631    
Deposits on Ground Lease investments 1,171 (2,250) (2,083)
Other investing activities (1,043) (1,115) 1,527
Cash flows used in investing activities (576,572) (1,145,953) (1,287,991)
Cash flows from financing activities:      
Proceeds from issuance of common stock 151,940 309,160 243,345
Proceeds from debt obligations 577,000 1,830,000 1,848,439
Repayments of debt obligations (150,000) (1,005,000) (830,000)
Payments for deferred financing costs (4,615) (5,136) (14,063)
Dividends paid to common shareholders (46,039) (42,187) (35,947)
Payment of offering costs (8,099) (5,190) (8,710)
Payments for withholding taxes upon vesting for stock-based compensation   (970)  
Distributions to noncontrolling interests (651) (8,549) (46)
Contributions from noncontrolling interests 40,132 19,000 105
Other financing activities (137) (153)  
Cash flows provided by financing activities 559,531 1,090,975 1,203,123
Changes in cash, cash equivalents and restricted cash (1,650) 9,874 (57,951)
Cash, cash equivalents and restricted cash at beginning of period 48,390 38,516 96,467
Cash, cash equivalents and restricted cash at end of period $ 46,740 $ 48,390 $ 38,516