XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:    
Real estate investments, net $ 1,528,234 $ 1,421,410
Other real estate related investments, at fair value (including accrued interest of $1,136 as of June 30, 2023 and $1,320 as of December 31, 2022) 166,822 156,368
Assets held for sale, net 21,554 12,291
Cash and cash equivalents 1,145 13,178
Accounts and other receivables 387 416
Prepaid expenses and other assets, net 14,029 11,690
Deferred financing costs, net 4,781 5,428
Total assets 1,736,952 1,620,781
Liabilities and Equity:    
Senior unsecured notes payable, net 395,594 395,150
Senior unsecured term loan, net 199,454 199,348
Unsecured revolving credit facility 280,000 125,000
Accounts payable, accrued liabilities and deferred rent liabilities 21,039 24,360
Dividends payable 27,843 27,550
Total liabilities 923,930 771,408
Commitments and contingencies (Note 11)
Equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 99,124,082 and 99,010,112 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 991 990
Additional paid-in capital 1,245,717 1,245,337
Cumulative distributions in excess of earnings (433,686) (396,954)
Total equity 813,022 849,373
Total liabilities and equity $ 1,736,952 $ 1,620,781