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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Real estate investments, net $ 1,706,231 $ 1,567,119
Other real estate related investments (including accrued interest of $3,540 as of June 30, 2024 and $1,727 as of December 31, 2023) 433,532 180,368
Assets held for sale 28,753 15,011
Cash and cash equivalents 495,134 294,448
Accounts and other receivables 1,096 395
Prepaid expenses and other assets, net 30,502 23,337
Deferred financing costs, net 3,506 4,160
Total assets 2,698,754 2,084,838
Liabilities and Equity:    
Senior unsecured notes payable, net 396,483 396,039
Senior unsecured term loan, net 199,665 199,559
Secured borrowing 75,000 0
Accounts payable, accrued liabilities and deferred rent liabilities 37,112 33,992
Dividends payable 44,721 36,531
Total liabilities 752,981 666,121
Commitments and contingencies (Note 12)
Equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 153,881,933 and 129,992,796 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 1,539 1,300
Additional paid-in capital 2,456,187 1,883,147
Cumulative distributions in excess of earnings (514,037) (467,628)
Total stockholders’ equity 1,943,689 1,416,819
Noncontrolling interests 2,084 1,898
Total equity 1,945,773 1,418,717
Total liabilities and equity $ 2,698,754 $ 2,084,838