CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 72,444	$ 27,428
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including below-market ground leases)	41,371	38,031
Amortization of deferred financing costs	1,843	1,826
Loss on extinguishment of debt	282	0
Unrealized loss on other real estate related investments, net	689	7,856
Amortization of stock-based compensation	4,669	3,379
Straight-line rental income	21	21
Amortization of lease incentives	9	0
Amortization of below market leases	(1,959)	0
Noncash interest income	(4,099)	(129)
Loss (gain) on sale of real estate, net	2,254	(1,958)
Impairment of real estate investments	36,872	31,510
Change in operating assets and liabilities:
Accounts and other receivables	(518)	11
Prepaid expenses and other assets, net	(1,353)	(68)
Accounts payable, accrued liabilities and deferred rent liabilities	16,518	4,189
Net cash provided by operating activities	169,043	112,096
Cash flows from investing activities:
Acquisitions of real estate, net of deposits applied	(267,356)	(198,565)
Purchases of equipment, furniture and fixtures and improvements to real estate	(4,196)	(9,139)
Preferred equity investments	(52,000)	0
Investment in real estate related investments and other loans receivable	(504,936)	(50,693)
Principal payments received on real estate related investments and other loans receivable	100	15,703
Escrow deposits for potential acquisitions of real estate	(4,775)	(4,075)
Net proceeds from sales of real estate	5,076	14,464
Net cash used in investing activities	(828,087)	(232,305)
Cash flows from financing activities:
Proceeds from the issuance of common stock, net	1,065,881	319,032
Proceeds from the secured borrowing	75,000	0
Borrowings under unsecured revolving credit facility	0	185,000
Payments on unsecured revolving credit facility	0	(310,000)
Payments on senior unsecured term loan	(200,000)	0
Payment on secured borrowing	(75,000)	0
Payments on extinguishment of debt and deferred financing costs	(399)	(21)
Net-settle adjustment on restricted stock	(2,483)	(1,479)
Dividends paid on common stock	(122,444)	(83,089)
Contributions from noncontrolling interests	1,204	1,073
Distributions to noncontrolling interests	(61)	0
Net cash provided by financing activities	741,698	110,516
Net increase (decrease) in cash and cash equivalents	82,654	(9,693)
Cash and cash equivalents as of the beginning of period	294,448	13,178
Cash and cash equivalents as of the end of period	377,102	3,485
Supplemental disclosures of cash flow information:
Interest paid	19,921	28,539
Supplemental schedule of noncash investing and financing activities:
Increase in dividends payable	13,190	4,854
Right-of-use asset obtained in exchange for new operating lease obligation	1,748	369
Transfer of pre-acquisition costs to acquired assets	58	0
Sale of real estate settled with note receivable	1,000	2,000
Liabilities assumed by buyer in connection with sale of real estate	$ 2,776	$ 0