Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Real estate investments, at cost:
Land and improvements		$ 1,542,302	$ 1,228,687
Building and improvements		2,938,012	2,440,630
Lease incentives		17,890	18,352
Construction in progress		96,524	34,537
Intangible lease assets		89,209	88,364
Total real estate investments, at cost		4,683,937	3,810,570
Less: accumulated depreciation and amortization		(367,133)	(276,307)
Total real estate investments, net		4,316,804	3,534,263
Loans and direct financing lease receivables, net		223,854	240,035
Real estate investments held for sale, net		7,455	4,780
Net investments		4,548,113	3,779,078
Cash and cash equivalents		39,807	62,345
Restricted cash		9,156	9,155
Straight-line rent receivable, net		107,545	78,587
Derivative assets		30,980	47,877
Rent receivables, prepaid expenses and other assets, net		32,660	22,991
Total assets	[1]	4,768,261	4,000,033
LIABILITIES AND EQUITY
Unsecured term loans, net of deferred financing costs		1,272,772	1,025,492
Senior unsecured notes, net		395,846	395,286
Revolving credit facility		0	0
Intangible lease liabilities, net		11,206	11,551
Dividend payable		47,182	39,398
Derivative liabilities		23,005	2,274
Accrued liabilities and other payables		31,248	29,261
Total liabilities	[1]	1,781,259	1,503,262
Commitments and contingencies (see Note 11)		0	0
Stockholders' equity:
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of December 31, 2023 and 2022		0	0
Common stock, $0.01 par value; 500,000,000 authorized; 164,635,150 and 142,379,655 issued and outstanding as of December 31, 2023 and 2022, respectively		1,646	1,424
Additional paid-in capital		3,078,459	2,563,305
Distributions in excess of cumulative earnings		(105,545)	(117,187)
Accumulated other comprehensive income		4,019	40,719
Total stockholders' equity		2,978,579	2,488,261
Non-controlling interests		8,423	8,510
Total equity		2,987,002	2,496,771
Total liabilities and equity		$ 4,768,261	$ 4,000,033

[1] The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2—Summary of Significant Accounting Policies. As of December 31, 2023 and 2022, all of the assets and liabilities of the Company were held by its operating partnership, a consolidated VIE, with the exception of $47.0 million and $39.2 million, respectively, of dividends payable.