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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Real estate investments, net $ 1,749,139 $ 1,567,119
Other real estate related investments (including accrued interest of $5,826 as of September 30, 2024 and $1,727 as of December 31, 2023) 740,730 180,368
Assets held for sale 16,046 15,011
Cash and cash equivalents 377,102 294,448
Accounts and other receivables 881 395
Prepaid expenses and other assets, net 33,815 23,337
Deferred financing costs, net 3,166 4,160
Total assets 2,920,879 2,084,838
Liabilities and Equity:    
Senior unsecured notes payable, net 396,705 396,039
Senior unsecured term loan, net 0 199,559
Accounts payable, accrued liabilities and deferred rent liabilities 49,717 33,992
Dividends payable 49,721 36,531
Total liabilities 496,143 666,121
Commitments and contingencies (Note 12)
Equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of September 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 171,122,858 and 129,992,796 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 1,711 1,300
Additional paid-in capital 2,950,802 1,883,147
Cumulative distributions in excess of earnings (530,317) (467,628)
Total stockholders’ equity 2,422,196 1,416,819
Noncontrolling interests 2,540 1,898
Total equity 2,424,736 1,418,717
Total liabilities and equity $ 2,920,879 $ 2,084,838