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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 60,584 $ 26,827
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 4,977 4,925
Stock-based compensation expense 6,658 12,670
Deferred operating lease income (15,411) (15,630)
Non-cash interest income from sales-type leases (44,420) (41,084)
Non-cash interest expense 7,258 7,421
Amortization of real estate-related intangibles, net 1,155 1,152
Provision for credit losses 1,335 2,289
Earnings from equity method investments (13,381) (9,069)
Distributions from operations of equity method investments 9,578 1,860
Amortization of premium, discount and deferred financing costs on debt obligations, net 3,617 3,623
Non-cash management fees   5,199
Other operating activities (3,785) 242
Changes in assets and liabilities:    
Changes in deferred expenses and other assets, net 2,120 (10,234)
Changes in accounts payable, accrued expenses and other liabilities 1,410 339
Cash flows provided by (used in) operating activities 21,695 (9,470)
Cash flows from investing activities:    
Origination/acquisition of net investment in sales-type leases and Ground Lease receivables (180,649) (130,744)
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 (9,621) (18,362)
Distributions from equity method investments 52,425  
Funding reserves received from Ground Lease tenant net of disbursements   (218)
Funding of cash collateral for debt obligations (19,112)  
Net proceeds received from sale of real estate available and held for sale 3,332 1,631
Return of deposits on Ground Lease investments 536  
Proceeds received from derivative transaction 9,687  
Other investing activities 6,579 (8,211)
Cash flows provided by (used in) investing activities (136,823) (355,826)
Cash flows from financing activities:    
Proceeds from debt obligations 491,871 358,000
Repayments of debt obligations (356,000) 0
Payments for deferred financing costs (19,747) (4,615)
Dividends paid to common shareholders (25,310) (22,144)
Payment of offering costs (51) (1,822)
Payments for withholding taxes upon vesting for stock-based compensation (5,059)  
Redemption of redeemable noncontrolling interests (18,435)  
Distributions to noncontrolling interests (419) (527)
Contributions from noncontrolling interests 23,560 30,439
Cash flows provided by (used in) financing activities 90,410 359,331
Changes in cash, cash equivalents and restricted cash (24,718) (5,965)
Cash, cash equivalents and restricted cash at beginning of period 46,740 48,390
Cash, cash equivalents and restricted cash at end of period $ 22,022 $ 42,425