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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 31,029 $ 4,716
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 2,487 2,398
Stock-based compensation expense 4,765 4,680
Deferred operating lease income (7,718) (7,827)
Non-cash interest income from sales-type leases (21,857) (20,380)
Non-cash interest expense 2,878 3,026
Amortization of real estate-related intangibles, net 577 576
Provision for credit losses 709 2,242
Earnings from equity method investments (6,912) (2,262)
Distributions from operations of equity method investments 3,647 547
Amortization of premium, discount and deferred financing costs on debt obligations, net 1,862 1,796
Non-cash management fees   5,199
Other operating activities (1,877) 1,573
Changes in assets and liabilities:    
Changes in deferred expenses and other assets, net (1,992) (3,586)
Changes in accounts payable, accrued expenses and other liabilities (10,662) 489
Cash flows used in operating activities (3,064) (6,813)
Cash flows from investing activities:    
Origination/acquisition of net investment in sales-type leases and Ground Lease receivables (79,201) (69,904)
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 (9,192) (140)
Distributions from equity method investments 19,465  
Funding reserves received from Ground Lease tenant net of disbursements   (218)
Funding of cash collateral for debt obligations (19,112)  
Proceeds received from derivative transaction 9,687  
Other investing activities 3,650 251
Cash flows used in investing activities (74,703) (269,933)
Cash flows from financing activities:    
Proceeds from debt obligations 416,871 280,000
Repayments of debt obligations (326,000) 0
Payments for deferred financing costs (4,281) (4,610)
Dividends paid to common shareholders (12,572) (22,144)
Payment of offering costs (51)  
Payments for withholding taxes upon vesting for stock-based compensation (3,594)  
Distributions to noncontrolling interests (171) (515)
Contributions from noncontrolling interests   23,914
Cash flows provided by financing activities 70,202 276,645
Changes in cash, cash equivalents and restricted cash (7,565) (101)
Cash, cash equivalents and restricted cash at beginning of period 46,740 48,390
Cash, cash equivalents and restricted cash at end of period $ 39,175 $ 48,289