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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
  Real estate properties  $ 5,503,444 $ 4,853,548
Development and value-add properties [1] 674,472 639,647
Real estate investment property, gross 6,177,916 5,493,195
      Less accumulated depreciation  (1,415,576) (1,273,723)
Real estate investment property, Net 4,762,340 4,219,472
  Unconsolidated investment  7,448 7,539
  Cash and cash equivalents 17,529 40,263
  Other assets  290,159 251,939
      TOTAL ASSETS  5,077,476 4,519,213
LIABILITIES    
  Unsecured bank credit facilities, net of debt issuance costs (3,595) (1,520)
Unsecured debt, net of debt issuance costs 1,507,157 1,676,347
  Accounts payable and accrued expenses  147,342 146,337
  Other liabilities  134,028 89,415
Total Liabilities 1,784,932 1,910,579
Stockholders’ Equity:    
Common shares; $.0001 par value; 70,000,000 shares authorized; 51,825,798 shares issued and outstanding at December 31, 2024 and 47,700,432 at December 31, 2023 5 5
Excess shares; $0.0001 par value; 30,000,000 shares authorized; no shares issued 0 0
  Additional paid-in capital 3,673,393 2,949,907
  Distributions in excess of earnings  (403,172) (366,473)
Accumulated Other Comprehensive Income (Loss), Net of Tax 21,953 24,888
Total Stockholders’ Equity 3,292,179 2,608,327
Noncontrolling interest in joint ventures 365 307
Total Equity 3,292,544 2,608,634
      TOTAL LIABILITIES AND EQUITY  $ 5,077,476 $ 4,519,213
BALANCE SHEET PARENTHETICAL DISCLOSURES    
Common shares, outstanding 51,825,798 47,700,432
Common shares, issued 51,825,798 47,700,432
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).