Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Real estate investments:
Income producing property		$ 2,173,787	$ 2,093,032
Held for development		5,683	11,978
Construction in progress		17,515	102,277
Gross real estate investments		2,196,985	2,207,287
Accumulated depreciation		(451,907)	(393,169)
Net real estate investments		1,745,078	1,814,118
Real estate investments held for sale		4,800	0
Cash and cash equivalents		70,642	27,920
Restricted cash	[1]	1,581	2,246
Accounts receivable, net		52,860	45,529
Notes receivable, net		132,565	94,172
Construction receivables, including retentions, net		84,624	126,443
Construction contract costs and estimated earnings in excess of billings		6	104
Equity method investments		158,151	142,031
Operating lease right-of-use assets		22,841	23,085
Finance lease right-of-use assets		88,986	90,565
Acquired lease intangible assets		89,739	109,137
Other assets		60,990	87,548
Total Assets		2,512,863	2,562,898
LIABILITIES AND EQUITY
Indebtedness, net		1,295,559	1,396,965
Accounts payable and accrued liabilities		38,840	31,041
Construction payables, including retentions		104,495	128,290
Billings in excess of construction contract costs and estimated earnings		5,871	21,414
Operating lease liabilities		31,365	31,528
Finance lease liabilities		92,646	91,869
Other liabilities		54,418	56,613
Total Liabilities		1,623,194	1,757,720
Stockholders’ equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized: 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, 9,980,000 shares authorized, 6,843,418 shares issued and outstanding as of December 31, 2024 and 2023		171,085	171,085
Common stock, $0.01 par value, 500,000,000 shares authorized; 79,695,938 and 66,793,294 shares issued and outstanding as of December 31, 2024 and 2023, respectively		797	668
Additional paid-in capital		714,640	580,687
Distributions in excess of earnings		(218,623)	(184,724)
Accumulated other comprehensive income		2,737	4,906
Total stockholders’ equity		670,636	572,622
Noncontrolling interests in investment entities		9,180	9,986
Noncontrolling interests in Operating Partnership		209,853	222,570
Total Equity		889,669	805,178
Total Liabilities and Equity		$ 2,512,863	$ 2,562,898

[1] Restricted cash represents amounts held by lenders for real estate taxes, insurance, and reserves for capital improvements.