Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments in real estate
Land	$ 1,553,229	$ 1,556,952
Buildings and improvements	1,212,835	1,210,591
Construction in progress	125,198	65,157
Intangible assets	113,578	114,126
Total investments in properties	3,004,840	2,946,826
Accumulated depreciation and amortization	(281,634)	(279,062)
Net investments in properties	2,723,206	2,667,764
Properties held for sale, net	30,582	0
Net investments in real estate	2,753,788	2,667,764
Cash and cash equivalents	106,278	204,404
Restricted cash	3,246	397
Other assets, net	57,029	51,650
Total assets	2,920,341	2,924,215
Liabilities
Credit facility	0	0
Term loans payable, net	99,520	99,495
Senior unsecured notes, net	621,344	621,175
Security deposits	25,539	23,914
Intangible liabilities, net	50,182	51,025
Dividends payable	25,680	25,618
Accounts payable and other liabilities	43,795	45,025
Total liabilities	866,060	866,252
Commitments and contingencies (Note 12)
Stockholders’ equity
Common stock: $0.01 par value, 400,000,000 shares authorized, and 75,102,276 and 75,068,575 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively.	752	752
Additional paid-in capital	2,083,475	2,069,604
Common stock held in deferred compensation plan, 423,012 and 275,727 shares at March 31, 2022 and December 31, 2021, respectively.	(26,732)	(15,197)
Retained earnings	(3,214)	2,804
Total stockholders’ equity	2,054,281	2,057,963
Total liabilities and equity	$ 2,920,341	$ 2,924,215