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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investments in real estate:    
Real estate — Land, buildings and improvements $ 1,513,254 $ 1,440,354
Operating real estate — Land, buildings and improvements 477,588 596,998
Real estate under construction 103,309 180,055
Net investments in direct financing leases 11,449 16,933
In-place lease and other intangible assets 285,222 293,075
Investments in real estate 2,390,822 2,527,415
Accumulated depreciation and amortization (448,277) (403,171)
Net investments in real estate 1,942,545 2,124,244
Cash and cash equivalents 52,133 62,346
Other assets 148,191 172,328
Total assets [1] 2,142,869 2,358,918
Liabilities and Equity    
Non-recourse secured debt, net 1,253,045 1,310,378
Accounts payable, accrued expenses and other liabilities 127,173 155,259
Due to affiliates 7,696 31,283
Distributions payable 9,330 9,447
Total liabilities [1] 1,397,244 1,506,367
Commitments and contingencies (Note 10)
Preferred stock, $0.001 par value; 50,000,000 shares authorized; none issued 0 0
Additional paid-in capital 1,315,260 1,331,278
Distributions and accumulated losses (555,256) (514,859)
Accumulated other comprehensive loss (51,794) (19,930)
Total stockholders’ equity 708,360 796,640
Noncontrolling interests 37,265 55,911
Total equity 745,625 852,551
Total liabilities and equity 2,142,869 2,358,918
Class A common stock    
Liabilities and Equity    
Common stock 119 119
Class C common stock    
Liabilities and Equity    
Common stock $ 31 $ 32
[1] See Note 2 for details related to variable interest entities (“VIEs”).