CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (168,038)	$ (100,912)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	187,836	178,652
Non-cash interest expense	9,730	3,909
Amortization of share/unit-based compensation	23,029	13,485
Straight-line rents	(4,037)	3,244
Straight-line rent expense	2,074	2,038
Amortization of above- and below-market leases, net	(1,882)	(2,703)
Amortization of above- and below-market ground leases, net	1,302	1,324
Amortization of lease incentive costs	2,060	500
Loss from unconsolidated real estate entities	1,459	3,224
Unrealized loss on non-real estate investments	237	1,943
Loss on extinguishment of debt	3,495	0
Loss (gain) on sale of real estate, net	(10,007)	0
Impairment loss	18,476	0
Deferred tax (benefit) provision	(19)	471
Change in operating assets and liabilities:
Accounts receivable	1,852	6,364
Deferred leasing costs and lease intangibles	(25,965)	(11,196)
Prepaid expenses and other assets	(16,197)	(12,226)
Accounts payable, accrued liabilities and other	6,005	17,427
Security deposits, prepaid rent and other	(2,914)	(4,794)
Net cash provided by operating activities	28,496	100,750
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of real estate	88,251	0
Additions to investment in real estate	(75,515)	(88,069)
Contributions to unconsolidated real estate entities	(9,314)	(30,492)
Distributions from unconsolidated real estate entities	378	0
Cash acquired from consolidation of previously unconsolidated real estate entity	0	8,814
Additions to non-real estate property, plant and equipment	(10,554)	(10,364)
Contributions to non-real estate investments	(2,248)	(919)
Distributions from non-real estate investments	924	0
Net cash used in investing activities	(8,078)	(121,030)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	1,006,000	112,341
Payments of unsecured and secured debt	(1,484,667)	(30,000)
Payments of loan costs	(12,077)	0
Fee for prepayment of notes payable	(2,965)	0
Proceeds from sale of common stock	523,392	0
Proceeds from sale of pre-funded warrants	138,451	0
Transaction costs	(5,039)	(79)
Redemption of series A preferred units	(3,921)	0
Redemption of operating partnership units	(318)	0
Dividends paid to common stock and unitholders	(353)	(15,377)
Dividends paid to preferred stock and unitholders	(10,361)	(10,400)
Contributions from redeemable non-controlling members in consolidated real estate entities	1,415	0
Distributions to redeemable non-controlling members in consolidated real estate entities	(7)	(3,924)
Contributions from non-controlling members in consolidated real estate entities	9,925	13,185
Distributions to non-controlling members in consolidated real estate entities	(11,748)	(18,697)
Purchase of non-controlling interest	0	(40,937)
Payments to satisfy tax withholding obligations	(195)	(48)
Settlement of earnout liability	0	5,000
Net cash provided by financing activities	147,532	1,064
Net increase (decrease) in cash and cash equivalents and restricted cash	167,950	(19,216)
Cash and cash equivalents and restricted cash—beginning of period	99,177	119,156
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	$ 267,127	$ 99,940