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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Investments in real estate, net $ 2,682,106 $ 2,715,832
Investments in unconsolidated real estate affiliates 1,533,116 705,628
Investment in leases – Financing receivables, net 570,466 562,690
Investments in real estate debt 82,204 87,209
Intangible assets, net 133,087 136,530
Cash and cash equivalents 55,135 59,087
Restricted cash 72,634 77,583
Other assets 68,216 49,209
Total assets 5,196,964 4,393,768
Liabilities:    
Affiliate line of credit 200,000 200,000
Due to affiliates 89,778 71,750
Other borrowings 153,394 0
Accounts payable and accrued expenses 86,128 81,499
Other liabilities 48,079 47,071
Total liabilities 2,550,860 2,259,908
Redeemable non-controlling interests 18,265 17,976
Redeemable common shares 49,500 38,418
Equity    
Additional paid-in capital 2,461,018 1,948,355
Accumulated deficit and cumulative distributions (157,716) (132,638)
Accumulated other comprehensive income 16,087 3,052
Total Shareholders' Equity 2,321,895 1,820,751
Non-controlling interests 256,444 256,715
Total equity 2,578,339 2,077,466
Total liabilities and equity 5,196,964 4,393,768
Mortgage notes & credit facilities:    
Liabilities:    
Mortgage notes and credit facilities, net 1,973,481 1,859,588
Class I Common Shares    
Equity    
Common shares 1,331 1,016
Class D Common Shares    
Equity    
Common shares 3 45
Class S Common Shares    
Equity    
Common shares $ 1,172 $ 921