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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
  Real estate properties  $ 4,853,548 $ 4,395,972
Development and value-add properties [1] 639,647 538,449
Real estate investment property, gross 5,493,195 4,934,421
      Less accumulated depreciation  (1,273,723) (1,150,814)
Real estate investment property, Net 4,219,472 3,783,607
  Unconsolidated investment  7,539 7,230
  Cash and cash equivalents 40,263 56
  Other assets  251,939 244,944
      TOTAL ASSETS  4,519,213 4,035,837
LIABILITIES    
  Unsecured bank credit facilities, net of debt issuance costs (1,520) 168,454
Unsecured debt, net of debt issuance costs 1,676,347 1,691,259
Secured debt, net of debt issuance costs 0 2,031
  Accounts payable and accrued expenses  146,337 136,988
  Other liabilities  89,415 83,666
Total Liabilities 1,910,579 2,082,398
Stockholders’ Equity:    
Common shares; $.0001 par value; 70,000,000 shares authorized; 47,700,432 shares issued and outstanding at December 31, 2023 and 43,575,539 at December 31, 2022 5 4
Excess shares; $0.0001 par value; 30,000,000 shares authorized; zero shares issued 0 0
  Additional paid-in capital 2,949,907 2,251,521
  Distributions in excess of earnings  (366,473) (334,898)
Accumulated Other Comprehensive Income 24,888 36,371
Total Stockholders’ Equity 2,608,327 1,952,998
Noncontrolling interest in joint ventures 307 441
Total Equity 2,608,634 1,953,439
      TOTAL LIABILITIES AND EQUITY  $ 4,519,213 $ 4,035,837
BALANCE SHEET PARENTHETICAL DISCLOSURES    
Common shares, outstanding 47,700,432 43,575,539
Common shares, issued 47,700,432 43,575,539
Common shares, authorized 70,000,000 70,000,000
Common shares, par value (in dollars per share) $ 0.0001 $ 0.0001
Excess shares, par value $ 0.0001 $ 0.0001
Excess Stock, Shares Authorized 30,000,000 30,000,000
Excess Stock, Shares Issued 0 0
[1] Value-add properties are defined in Note 1(e).