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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate properties:    
Land $ 1,972,145 $ 1,902,587
Buildings, improvements and equipment 7,814,192 7,658,282
Total real estate properties, gross 9,786,337 9,560,869
Accumulated depreciation (3,181,797) (2,970,133)
Total real estate properties, net 6,604,540 6,590,736
Acquired real estate leases and other intangibles, net 130,622 252,357
Assets held for sale 10,500 121,905
Cash and cash equivalents 180,119 38,369
Restricted cash 17,711 7,051
Equity method investment 113,304 112,617
Investment in equity securities 0 53,055
Due from related persons 6,376 35,033
Other assets, net 292,944 277,068
Total assets 7,356,116 7,488,191
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Revolving credit facility 0 0
Mortgage notes payable, net 558,876 0
Total liabilities 6,129,983 6,099,399
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value; 200,000,000 shares authorized; 165,769,595 and 165,452,566 shares issued and outstanding, respectively 1,658 1,655
Additional paid in capital 4,557,473 4,554,861
Cumulative other comprehensive income 2,318 2,383
Cumulative net income 2,470,500 2,503,279
Cumulative common distributions (5,805,816) (5,673,386)
Total shareholders’ equity 1,226,133 1,388,792
Total liabilities and shareholders’ equity 7,356,116 7,488,191
Senior Secured Notes    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Senior notes 968,017 0
Senior Unsecured Notes    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Senior notes 3,993,327 5,655,530
Nonrelated Party    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable and other liabilities and due to related persons 587,005 425,960
Related Party    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable and other liabilities and due to related persons $ 22,758 $ 17,909