CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES:
Net income	$ 40,165	$ 68,997
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,586	18,817
Stock-based compensation expense	4,226	3,937
Impairment loss	12,510
Gain on sale of real estate, net	(15,675)	(38,196)
Income from unconsolidated joint ventures	(752)	(751)
Straight-line rental adjustment	888	527
Exchange of prepayment fee for participating interest in mortgage loan	(1,380)
Adjustment for collectability of lease incentives and rental income	26	173
Amortization of lease incentives	413	429
Provision for credit losses	1,918	659
Application of interest reserve	(1,609)	(2,451)
Amortization of debt issue costs	600	547
Other non-cash items, net	47	4
Change in operating assets and liabilities
Lease incentives funded	(19)	(8)
Increase in interest receivable	(4,593)	(3,191)
(Decrease) increase in accrued interest payable	(1,364)	201
Net change in other assets and liabilities	(7,453)	(1,250)
Net cash provided by operating activities	46,534	48,444
INVESTING ACTIVITIES:
Investment in real estate properties	(43,759)	(51,815)
Investment in real estate capital improvements	(3,230)	(2,905)
Proceeds from sale of real estate, net	37,553	72,359
Investment in financing receivable	(112,712)
Investment in real estate mortgage loans receivable	(70,603)	(33,910)
Principal payments received on mortgage loans receivable	251	625
Advances and originations under notes receivable	(866)	(36,788)
Principal payments received on notes receivable	5,965	6,618
Net cash used in investing activities	(187,401)	(45,816)
FINANCING ACTIVITIES:
Borrowings from revolving line of credit	224,950	99,000
Repayment of revolving line of credit	(28,600)	(153,900)
Proceeds from issuance of senior unsecured notes		75,000
Principal payments on senior unsecured notes	(11,000)	(7,000)
Proceeds from common stock issued	1,777	34,203
Distributions paid to stockholders	(47,162)	(45,115)
Distributions paid to non-controlling interests	(812)	(1,093)
Financing costs paid	(20)	(1,122)
Cash paid for taxes in lieu of shares upon vesting of restricted stock	(1,619)	(1,355)
Other		(6)
Net cash provided by (used in) financing activities	137,514	(1,388)
(Decrease) increase in cash and cash equivalents	(3,353)	1,240
Cash and cash equivalents, beginning of period	10,379	5,161
Cash and cash equivalents, end of period	7,026	6,401
Supplemental disclosure of cash flow information:
Interest paid	22,685	13,918
Non-cash investing and financing transactions:
Contribution from non-controlling interest	12,964
Exchange of mezzanine loan and related prepayment fee for participating interest in mortgage loan	(8,841)
Reserves withheld at financing and mortgage loan receivable origination	(5,147)
Accretion of interest reserve recorded as mortgage loan receivable	1,609	2,451
(Decrease) increase in fair value of interest rate swap agreements	(151)	$ 6,311
Mortgage loan receivable reserve withheld at origination	$ 1,506