CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING ACTIVITIES:
Net income	$ 24,689	$ 33,561
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,095	9,210
Stock-based compensation expense	2,202	2,088
Impairment loss		434
Gain on sale of real estate, net	(3,251)	(15,373)
Income from unconsolidated joint ventures	(376)	(376)
Income distributions from unconsolidated joint ventures	112
Straight-line rental adjustment	550	465
Exchange of prepayment fee for participating interest in mortgage loan		(1,380)
Amortization of lease incentives	233	209
Provision for credit losses	24	1,731
Application of interest reserve	(52)	(1,149)
Amortization of debt issue costs	267	300
Other non-cash items, net	24	23
Change in operating assets and liabilities
Lease incentives funded	(1,395)
Increase in interest receivable	(2,220)	(2,079)
Increase (decrease) in accrued interest payable	996	(1,112)
Net change in other assets and liabilities	(9,948)	(8,513)
Net cash provided by operating activities	20,950	18,039
INVESTING ACTIVITIES:
Investment in real estate properties	(315)
Investment in real estate capital improvements	(1,329)	(2,608)
Proceeds from sale of real estate, net	25,306	31,616
Investment in financing receivables		(112,712)
Investment in real estate mortgage loans receivable	(3,128)	(53,226)
Principal payments received on mortgage loans receivable	125	125
Advances and originations under notes receivable		(605)
Principal payments received on notes receivable	550	5,180
Net cash provided by (used in) investing activities	21,209	(132,230)
FINANCING ACTIVITIES:
Borrowings from revolving line of credit	10,300	162,700
Repayment of revolving line of credit	(35,500)	(22,600)
Principal payments on senior unsecured notes	(6,000)	(7,000)
Proceeds from common stock issued	4,453	1,777
Distributions paid to stockholders	(24,616)	(23,563)
Distributions paid to non-controlling interests	(109)	(406)
Financing costs paid	(402)	(20)
Cash paid for taxes in lieu of shares upon vesting of restricted stock	(1,532)	(1,538)
Other	(29)
Net cash (used in) provided by financing activities	(53,435)	109,350
Decrease in cash and cash equivalents	(11,276)	(4,841)
Cash and cash equivalents, beginning of period	20,286	10,379
Cash and cash equivalents, end of period	9,010	5,538
Supplemental disclosure of cash flow information:
Interest paid	9,782	11,421
Non-cash investing and financing transactions:
Contribution from non-controlling interest		3,831
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	52	1,149
Increase (decrease) in fair value of interest rate swap agreements	378	(1,362)
Distributions paid to non-controlling interests	439
Distributions paid to non-controlling interests related to property sale	$ 2,305
Mortgage loan receivable reserve withheld at origination		$ 750