Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Investments in real estate
Land	$ 2,619,297	$ 2,586,471
Buildings and improvements	2,093,987	2,107,312
Construction in progress	247,480	219,652
Intangible assets	213,461	208,475
Total investments in properties	5,174,225	5,121,910
Accumulated depreciation and amortization	(483,273)	(466,553)
Net investments in properties	4,690,952	4,655,357
Properties held for sale, net	61,525	6,258
Net investments in real estate	4,752,477	4,661,615
Cash and cash equivalents	128,368	18,070
Restricted cash	467	282
Other assets, net	100,899	90,189
Total assets	4,982,211	4,770,156
Liabilities
Credit facility	0	82,000
Term loans payable, net	199,498	199,380
Senior unsecured notes, net	473,187	472,953
Mortgage loan payable, net	69,701	69,104
Security deposits	40,123	39,758
Intangible liabilities, net	132,651	116,542
Dividends payable	50,629	48,871
Accounts payable and other liabilities	73,434	79,216
Total liabilities	1,039,223	1,107,824
Commitments and contingencies (Note 11)
Stockholders’ equity
Common stock: $0.01 par value, 400,000,000 shares authorized, and 102,799,526 and 99,238,003 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively.	1,030	994
Additional paid-in capital	3,839,743	3,597,148
Common stock held in deferred compensation plan: 533,423 and 497,190 shares at June 30, 2025 and December 31, 2024, respectively.	(33,217)	(31,097)
Retained earnings	135,432	95,287
Total stockholders’ equity	3,942,988	3,662,332
Total liabilities and equity	$ 4,982,211	$ 4,770,156