Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 80,587	$ 2,267
Adjustments to reconcile net income to cash provided by operating activities:
Management fee	31,134	15,103
Performance participation allocation	22,602	13,925
Depreciation and amortization	70,641	50,377
Amortization of tenant lease inducement	1,289	0
Straight-line rent adjustment	(14,017)	(13,539)
Accretion of tenant loan receivable	(9,372)	(7,791)
Amortization of below-market lease intangibles	(238)	(126)
Amortization of deferred financing costs	3,851	10,511
Impairment charges	4,849	9,033
Income from unconsolidated real estate affiliates	(96,205)	(29,926)
Net gain on dispositions	(43,620)	0
Lease right of use asset amortization	491	491
Net gain on derivative instruments not designated as hedges	258	0
Amortization of off-market caps	5,577	0
Amortization of mortgage note premium/discount	0	388
Amortization of restricted shares	301	0
Distribution of earnings from unconsolidated real estate affiliates	76,306	12,502
Non-cash interest expense on affiliate line of credit	4,693	12,841
Provision for CECL	3,056	11,792
Other	(96)	(333)
Change in assets and liabilities:
Increase in other assets	(14,416)	(753)
(Decrease) increase in due to affiliates	(860)	1,342
(Decrease) increase in accounts payable and accrued expenses	(6,026)	17,428
Increase in other liabilities	10,549	5,667
Net cash provided by operating activities	131,334	111,199
Cash flows from investing activities:
Acquisitions of real estate	(208,341)	(433,049)
Acquisitions of real estate under development	(62,573)	0
Proceeds from dispositions of real estate	8,094	0
Acquisitions of intangible assets	(21,595)	(10,830)
Capital improvements to real estate	(1,685)	(70,104)
Investment in leases - financing receivables	(150,388)	(47,855)
Proceeds from dispositions of investment in leases - financing receivables	248,799	0
Purchase of investments in real estate debt	(129,284)	(42,583)
Sale of investments in real estate debt	25,493	29,560
Investment in unconsolidated real estate affiliates	(571,137)	(447,821)
Investment in interest rate swap	0	(11,888)
Cash flows from off-market interest rate swaps and caps	7,090	8,248
Net cash used in investing activities	(855,527)	(1,026,322)
Cash flows from financing activities:
Proceeds from issuance of common shares	1,738,437	891,563
Payment of distributions to common shareholders	(78,055)	(31,479)
Payment of distributions to non-controlling interests	(14,778)	(14,765)
Repurchase of common share	(115,483)	(19,385)
Redemption of non-controlling interests	(767)	(21,992)
Proceeds from DST Program	24,431	0
Repayment of affiliate line of credit	(200,000)	(25,000)
Proceeds from unsecured senior notes	130,000	0
Borrowings under mortgage notes	43,000	44,654
Repayment of mortgage notes	(494,902)	(25,027)
Payment of debt extinguishment fees	(3,327)	0
Repayment of other borrowings	(287,544)	0
Payment of deferred financing costs	(4,498)	(5,389)
Net cash provided by financing activities	828,102	900,703
Net change in cash and cash equivalents and restricted cash	103,909	(14,420)
Cash and cash equivalents and restricted cash, beginning of period	136,670	133,578
Effects of currency translation on cash, cash equivalents, and restricted cash	(89)	(1,551)
Cash and cash equivalents and restricted cash, end of period	240,490	117,607
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheet
Cash and cash equivalents	113,372	35,581
Restricted cash	127,118	82,026
Total cash and cash equivalents and restricted cash	240,490	117,607
Supplemental disclosures:
Interest paid	99,879	78,384
Income taxes paid	1,004	0
Accrued unpaid amounts for capital improvements to real estate	18,779	37,257
Accrued unpaid amounts for other intangible assets	51,786	0
Non-cash investing and financing activities:
Assumption of other borrowings in conjunction with investments in unconsolidated real estate affiliates	287,444	0
Issuance of redeemable Class I Shares as interest payment for the affiliate line of credit	7,081	12,403
Issuance of redeemable Class I Shares as settlement of the management fee	27,551	13,003
Redeemable non-controlling interest issued as settlement of performance participation allocation	13,685	10,638
Allocation to redeemable non-controlling interest	598	346
Allocation to redeemable common shares	1	269
Distribution reinvestment	68,599	26,723
Accrued distributions for common shareholders	20,540	10,789
Accrued distributions for non-controlling interests	1,716	0
Accrued shareholder servicing fees	89,711	0
Borrowings of term loan credit facility
Cash flows from financing activities:
Proceeds from line of credit	70,000	142,500
Unsecured revolving credit facility
Cash flows from financing activities:
Proceeds from line of credit	1,257,900	278,419
Repayment of revolving credit facility	$ (1,236,312)	$ (313,396)