Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Real estate investments:
Land and improvements	$ 3,872,531	$ 3,840,415
Buildings and improvements	9,656,090	9,506,402
Intangible lease assets	573,033	588,635
Total real estate investments	14,101,654	13,935,452
Less accumulated depreciation and amortization	(1,353,376)	(1,083,693)
Real estate investments, net	12,748,278	12,851,759
Real estate investments held for sale, net	28,709
Operating ground lease assets	56,845	57,245
Loans and financing receivables, net	2,168,354	1,941,032
Net investments	15,002,186	14,850,036
Cash and cash equivalents	38,635	162,188
Other assets, net	163,338	150,349
Total assets	15,204,159	15,162,573
Liabilities:
Credit facility	595,000	375,000
Unsecured notes and term loans payable, net	3,341,708	2,977,100
Non-recourse debt obligations of consolidated special purpose entities, net	2,577,733	2,831,007
Intangible lease liabilities, net	118,541	125,095
Operating lease liabilities	54,187	54,501
Accrued expenses, deferred revenue and other liabilities	276,801	215,101
Total liabilities	6,963,970	6,577,804
Equity:
Members' equity	8,175,559	8,571,554
Retained earnings (accumulated deficit)	64,018	(15,406)
Accumulated other comprehensive (loss) income	(8,163)	20,497
Total members' equity	8,231,414	8,576,645
Noncontrolling interest	8,775	8,124
Total equity	8,240,189	8,584,769
Total liabilities and equity	$ 15,204,159	$ 15,162,573