Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Investments in real estate
Land	$ 2,596,448	$ 2,586,471
Buildings and improvements	2,141,192	2,107,312
Construction in progress	198,339	219,652
Intangible assets	210,794	208,475
Total investments in properties	5,146,773	5,121,910
Accumulated depreciation and amortization	(492,204)	(466,553)
Net investments in properties	4,654,569	4,655,357
Properties held for sale, net	0	6,258
Net investments in real estate	4,654,569	4,661,615
Cash and cash equivalents	156,502	18,070
Restricted cash	624	282
Other assets, net	94,965	90,189
Total assets	4,906,660	4,770,156
Liabilities
Credit facility	0	82,000
Term loans payable, net	199,439	199,380
Senior unsecured notes, net	473,070	472,953
Mortgage loan payable, net	69,403	69,104
Security deposits	40,510	39,758
Intangible liabilities, net	111,400	116,542
Dividends payable	50,625	48,871
Accounts payable and other liabilities	66,688	79,216
Total liabilities	1,011,135	1,107,824
Commitments and contingencies (Note 11)
Stockholders’ equity
Common stock: $0.01 par value, 400,000,000 shares authorized, and 102,790,614 and 99,238,003 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively.	1,030	994
Additional paid-in capital	3,834,924	3,597,148
Common stock held in deferred compensation plan: 533,423 and 497,190 shares at March 31, 2025 and December 31, 2024, respectively.	(33,217)	(31,097)
Retained earnings	92,788	95,287
Total stockholders’ equity	3,895,525	3,662,332
Total liabilities and equity	$ 4,906,660	$ 4,770,156