Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Investments in real estate, net	$ 2,715,832	$ 2,255,674
Investments in unconsolidated real estate affiliates	705,628	6,514
Investment in leases – Financing receivables, net	562,690	521,033
Investments in real estate debt	87,209	73,816
Intangible assets, net	136,530	109,821
Cash and cash equivalents	59,087	29,232
Restricted cash	77,583	104,346
Other assets	49,209	65,827
Total assets	4,393,768	3,166,263
Liabilities:
Affiliate line of credit	200,000	250,000
Due to affiliates	71,750	39,225
Accounts payable and accrued expenses	81,499	53,519
Other liabilities	47,071	12,918
Total liabilities	2,259,908	2,132,599
Redeemable non-controlling interests	17,976	1,657
Redeemable common shares	38,418	2,357
Equity
Additional paid-in capital	1,948,355	744,852
Accumulated deficit and cumulative distributions	(132,638)	(13,212)
Accumulated other comprehensive income	3,052	3,678
Total Shareholders' Equity	1,820,751	736,083
Non-controlling interests	256,715	293,567
Total equity	2,077,466	1,029,650
Total liabilities and equity	4,393,768	3,166,263
Mortgage notes & credit facilities:
Liabilities:
Mortgage notes and credit facilities, net	1,859,588	1,776,937
Class I Common Shares
Equity
Common shares	1,016	317
Class D Common Shares
Equity
Common shares	45	14
Class S Common Shares
Equity
Common shares	$ 921	$ 434