Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2025	Dec. 31, 2024
Real estate investments:
Income producing property		$ 2,524,525	$ 2,171,970
Held for development		5,683	5,683
Construction in progress		17,053	17,515
Gross real estate investments		2,547,261	2,195,168
Accumulated depreciation		(521,189)	(450,419)
Net real estate investments		2,026,072	1,744,749
Real estate investments held for sale		4,800	4,800
Assets of discontinued operations		29,960	131,520
Cash and cash equivalents	[1]	49,150	31,936
Restricted cash	[2]	3,229	1,581
Accounts receivable, net		66,176	52,843
Notes receivable, net		128,674	132,565
Equity method investments		47,926	158,151
Operating lease right-of-use assets		22,610	22,841
Finance lease right-of-use assets		87,473	88,986
Acquired lease intangible assets		77,606	89,739
Other assets		52,834	53,152
Total Assets		2,596,510	2,512,863
LIABILITIES AND EQUITY
Indebtedness, net		1,526,158	1,295,559
Accounts payable and accrued liabilities		40,182	35,082
Operating lease liabilities		31,198	31,365
Finance lease liabilities		93,477	92,646
Other liabilities		45,704	54,418
Liabilities of discontinued operations		30,599	114,124
Total Liabilities		1,767,318	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 December 31, 2025 and 2024		171,085	171,085
Common stock, $0.01 par value, 500,000,000 shares authorized; 80,166,778 and 79,695,938 shares issued and outstanding as of December 31, 2025 and 2024, respectively		805	797
Additional paid-in capital		724,667	714,640
Distributions in excess of earnings		(269,484)	(218,623)
Accumulated other comprehensive income		703	2,737
Total stockholders’ equity		627,776	670,636
Noncontrolling interests in investment entities		8,532	9,180
Noncontrolling interests in Operating Partnership		192,884	209,853
Total Equity		829,192	889,669
Total Liabilities and Equity		$ 2,596,510	$ 2,512,863

[1] Excludes cash from discontinued operations for the years ended December 31, 2025, 2024, and 2023 of $38.7 million, $7.9 million, and $0.6 million respectively. (2) Restricted cash represents amounts held by lenders for real estate taxes, insurance, and reserves for capital improvements.

[2] Excludes cash from discontinued operations for the years ended December 31, 2025, 2024, and 2023 of $1.8 million, $38.7 million, and $7.9 million, respectively.