Condensed Consolidated Statement of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 30,184,000	$ 22,918,000
Adjustments to reconcile net income to cash provided by operating activities:
Management fee	18,804,000	9,058,000
Performance participation allocation	15,162,000	8,134,000
Depreciation and amortization	46,152,000	28,670,000
Amortization of tenant lease inducement	777,000	0
Straight-line rent adjustment	(9,118,000)	(8,518,000)
Accretion of tenant loan receivable	(6,204,000)	(4,966,000)
Amortization of below-market lease intangibles	(123,000)	(69,000)
Amortization of deferred financing costs	2,330,000	6,430,000
Impairment charges	4,849,000	0
Income from unconsolidated real estate affiliates	(73,394,000)	(16,774,000)
Net gain on dispositions of real estate	(714,000)	0
Lease right of use asset amortization	327,000	327,000
Net gain on derivative instruments not designated as hedges	(1,189,000)	0
Amortization of off-market caps	4,396,000	0
Amortization of mortgage note premium/discount	0	251,000
Amortization of restricted shares	207,000	(168,000)
Distribution of earnings from unconsolidated real estate affiliates	46,240,000	5,139,000
Non-cash interest expense on affiliate line of credit	4,693,000	8,491,000
Provision for CECL	742,000	816,000
Other	(95,000)	(88,000)
Change in assets and liabilities:
(Increase) decrease in other assets	(6,318,000)	2,381,000
Decrease in due to affiliates	(1,006,000)	(2,011,000)
(Decrease) increase in accounts payable and accrued expenses	(7,896,000)	11,546,000
Increase in other liabilities	4,931,000	5,604,000
Net cash provided by operating activities	73,737,000	77,171,000
Cash flows from investing activities:
Acquisitions of real estate	(55,671,000)	(234,027,000)
Proceeds from dispositions of real estate	5,260,000	0
Acquisitions of intangible assets	(9,128,000)	0
Capital improvements to real estate	(1,448,000)	(58,858,000)
Investment in leases - financing receivables	(43,378,000)	(40,764,000)
Purchase of investments in real estate debt	(45,775,000)	(9,723,000)
Sale of investments in real estate debt	16,733,000	23,846,000
Investment in unconsolidated real estate affiliates	(559,325,000)	(366,216,000)
Cash flows from off-market interest rate swaps and caps	4,820,000	3,633,000
Net cash used in investing activities	(687,912,000)	(682,109,000)
Cash flows from financing activities:
Proceeds from issuance of common shares	1,138,233,000	582,932,000
Payment of distributions to common shareholders	(46,121,000)	(18,703,000)
Payment of distributions to non-controlling interests	(9,786,000)	(9,820,000)
Repurchase of common share	(40,973,000)	(6,869,000)
Redemption of non-controlling interests	(724,000)	(21,992,000)
Proceeds from DST Program	12,940,000	0
Repayment of affiliate line of credit	(200,000,000)	0
Borrowings under mortgage notes	43,000,000	44,654,000
Repayment of mortgage notes	(139,854,000)	0
Repayment of other borrowings	(287,544,000)	0
Payment of deferred financing costs	(2,357,000)	(4,067,000)
Net cash provided by financing activities	646,547,000	604,985,000
Net change in cash and cash equivalents and restricted cash	32,372,000	47,000
Cash and cash equivalents and restricted cash, beginning of period	136,670,000	133,578,000
Effects of currency translation on cash, cash equivalents, and restricted cash	1,103,000	1,129,000
Cash and cash equivalents and restricted cash, end of period	170,145,000	134,754,000
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheet
Cash and cash equivalents	101,571,000	46,857,000
Restricted cash	68,574,000	87,897,000
Total cash and cash equivalents and restricted cash	170,145,000	134,754,000
Supplemental disclosures:
Interest paid	64,565,000	45,442,000
Income taxes paid	1,228,000	0
Accrued unpaid amounts for capital improvements to real estate	11,920,000	7,069,000
Accrued unpaid amounts for other intangible assets	36,138,000	0
Non-cash investing and financing activities:
Assumption of other borrowings in conjunction with investments in unconsolidated real estate affiliates	287,444,000	0
Issuance of redeemable Class I Shares as interest payment for the affiliate line of credit	7,081,000	7,935,000
Issuance of redeemable Class I Shares as settlement of the management fee	16,544,000	7,686,000
Redeemable non-controlling interest issued as settlement of performance participation allocation	5,371,000	2,504,000
Allocation to redeemable non-controlling interest	437,000	5,000
Allocation to redeemable common shares	24,000	142,000
Distribution reinvestment	40,077,000	15,394,000
Accrued distributions for common shareholders	17,418,000	2,857,000
Accrued distributions for non-controlling interests	1,696,000	1,613,000
Accrued shareholder servicing fees	78,477,000	37,417,000
Borrowings of term loan credit facility
Cash flows from financing activities:
Proceeds from line of credit	70,000,000	142,500,000
Unsecured revolving credit facility
Cash flows from financing activities:
Proceeds from line of credit	463,555,000	132,016,000
Repayment of revolving credit facility	$ (353,822,000)	$ (235,666,000)