CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 39,168	$ 18,743
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including below-market ground leases)	27,337	24,983
Amortization of deferred financing costs	1,228	1,217
Unrealized loss on other real estate related investments, net	2,489	2,605
Amortization of stock-based compensation	3,526	1,860
Straight-line rental income	14	14
Amortization of lease incentive	4	0
Amortization of below market rent	(1,150)	0
Noncash interest income	(1,813)	184
Gain on sale of real estate, net	(32)	(1,958)
Impairment of real estate investments	28,455	23,278
Change in operating assets and liabilities:
Accounts and other receivables	(719)	14
Prepaid expenses and other assets, net	(983)	(330)
Accounts payable, accrued liabilities and deferred rent liabilities	4,271	(3,624)
Net cash provided by operating activities	101,795	66,986
Cash flows from investing activities:
Acquisitions of real estate, net of deposits applied	(204,554)	(172,453)
Purchases of equipment, furniture and fixtures and improvements to real estate	(1,323)	(6,380)
Preferred equity investments	(9,000)	0
Investment in real estate related investments and other loans receivable	(244,825)	(27,262)
Principal payments received on real estate related investments and other loans receivable	0	15,287
Escrow deposits for potential acquisitions of real estate	(9,075)	(300)
Net proceeds from sales of real estate	140	14,464
Net cash used in investing activities	(468,637)	(176,644)
Cash flows from financing activities:
Proceeds from the issuance of common stock, net	572,236	(629)
Proceeds from the secured borrowing	75,000	0
Borrowings under unsecured revolving credit facility	0	155,000
Payments of deferred financing costs	(24)	(21)
Net-settle adjustment on restricted stock	(2,483)	(1,479)
Dividends paid on common stock	(77,723)	(55,246)
Contributions from noncontrolling interests	576	0
Distributions to noncontrolling interests	(54)	0
Net cash provided by financing activities	567,528	97,625
Net increase (decrease) in cash and cash equivalents	200,686	(12,033)
Cash and cash equivalents as of the beginning of period	294,448	13,178
Cash and cash equivalents as of the end of period	495,134	1,145
Supplemental disclosures of cash flow information:
Interest paid	15,289	21,000
Supplemental schedule of noncash investing and financing activities:
Increase in dividends payable	8,190	294
Right-of-use asset obtained in exchange for new operating lease obligation	0	369
Transfer of pre-acquisition costs to acquired assets	58	0
Sale of real estate settled with note receivable	$ 1,000	$ 2,000