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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Real estate investments, net $ 1,400,813 $ 1,421,410
Other real estate related investments, at fair value (including accrued interest of $1,170 as of March 31, 2023 and $1,320 as of December 31, 2022) 140,764 156,368
Assets held for sale, net 17,479 12,291
Cash and cash equivalents 28,070 13,178
Accounts and other receivables 441 416
Prepaid expenses and other assets, net 29,518 11,690
Deferred financing costs, net 5,115 5,428
Total assets 1,622,200 1,620,781
Liabilities and Equity:    
Senior unsecured notes payable, net 395,372 395,150
Senior unsecured term loan, net 199,401 199,348
Unsecured revolving credit facility 135,000 125,000
Accounts payable, accrued liabilities and deferred rent liabilities 24,165 24,360
Dividends payable 27,943 27,550
Total liabilities 781,881 771,408
Commitments and contingencies (Note 11)
Equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 99,098,090 and 99,010,112 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 991 990
Additional paid-in capital 1,244,793 1,245,337
Cumulative distributions in excess of earnings (405,465) (396,954)
Total equity 840,319 849,373
Total liabilities and equity $ 1,622,200 $ 1,620,781