Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025		Dec. 31, 2024
Real estate investments:
Income producing property	$ 2,435,640		$ 2,173,787
Held for development	5,683		5,683
Construction in progress	24,095		17,515
Gross real estate investments	2,465,418		2,196,985
Accumulated depreciation	(487,686)		(451,907)
Net real estate investments	1,977,732		1,745,078
Real estate investments held for sale	4,800		4,800
Cash and cash equivalents	52,111		70,642
Restricted cash	2,490	[1]	1,581
Accounts receivable, net	53,993		52,860
Notes receivable, net	139,773		132,565
Construction receivables, including retentions, net	47,135		84,624
Construction contract costs and estimated earnings in excess of billings	2,990		6
Equity method investments	47,335		158,151
Operating lease right-of-use assets	22,727		22,841
Finance lease right-of-use assets	88,262		88,986
Acquired lease intangible assets	83,492		89,739
Other assets	53,832		60,990
Total Assets	2,576,672		2,512,863
LIABILITIES AND EQUITY
Indebtedness, net	1,446,820		1,295,559
Accounts payable and accrued liabilities	34,107		38,840
Construction payables, including retentions	59,377		104,495
Billings in excess of construction contract costs and estimated earnings	6,664		5,871
Operating lease liabilities	31,284		31,365
Finance lease liabilities	93,086		92,646
Other liabilities	44,543		54,418
Total Liabilities	1,715,881		1,623,194
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 June 30, 2025 and December 31, 2024	171,085		171,085
Common stock, $0.01 par value, 500,000,000 shares authorized; 80,160,250 and 79,695,938 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	804		797
Additional paid-in capital	722,732		714,640
Distributions in excess of earnings	(243,695)		(218,623)
Accumulated other comprehensive income	1,079		2,737
Total stockholders’ equity	652,005		670,636
Noncontrolling interests in investment entities	8,735		9,180
Noncontrolling interests in Operating Partnership	200,051		209,853
Total Equity	860,791		889,669
Total Liabilities and Equity	$ 2,576,672		$ 2,512,863

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