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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate investments, at cost:    
Land $ 1,000,884 $ 729,048
Buildings, fixtures and improvements 3,450,564 2,729,719
Acquired intangible lease assets 616,870 402,673
Total real estate investments, at cost 5,068,318 3,861,440
Less: accumulated depreciation and amortization (697,288) (654,667)
Total real estate investments, net 4,371,030 3,206,773
Cash and cash equivalents 69,431 214,853
Restricted cash 17,619 21,996
Deposits for real estate investments 16,250 41,928
Deferred costs, net 19,565 25,587
Straight-line rent receivable 65,307 70,789
Operating lease right-of-use assets 17,946 18,194
Prepaid expenses and other assets 33,666 26,877
Assets held for sale 80,779 187,213
Total assets 4,691,593 3,814,210
LIABILITIES, MEZZANINE EQUITY AND EQUITY    
Mortgage notes payable, net 1,768,025 1,464,930
Credit facility 488,000 0
Senior notes, net 491,651 491,015
Below market lease liabilities, net 132,523 78,073
Accounts payable and accrued expenses (including $2,394 and $1,016 due to related parties as of June 30, 2022 and December 31, 2021, respectively) 58,700 32,907
Operating lease liabilities 19,164 19,195
Derivative liabilities, at fair value 0 2,250
Deferred rent and other liabilities 8,075 9,524
Dividends payable 5,836 6,038
Total liabilities 2,971,974 2,103,932
Mezzanine Equity:    
Shares subject to repurchase 53,388 0
Common stock, $0.01 par value per share, 300,000,000 shares authorized, 133,272,305(1) and 123,783,060 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 1,268 1,238
Additional paid-in capital 2,937,395 2,915,926
Distributions in excess of accumulated earnings (1,289,400) (1,217,435)
Total stockholders’ equity 1,649,388 1,699,854
Non-controlling interests 16,843 10,424
Total equity 1,666,231 1,710,278
Total liabilities, mezzanine equity and total equity 4,691,593 3,814,210
7.50% Series A Cumulative Redeemable Perpetual Preferred Stock    
Mezzanine Equity:    
Cumulative redeemable perpetual preferred stock 79 79
7.375% Series C Cumulative Redeemable Perpetual Preferred Stock    
Mezzanine Equity:    
Cumulative redeemable perpetual preferred stock $ 46 $ 46