CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real estate properties:
Land	$ 1,930,459	$ 1,972,145
Buildings, improvements and equipment	7,682,885	7,814,192
Total real estate properties, gross	9,613,344	9,786,337
Accumulated depreciation	(3,238,636)	(3,181,797)
Total real estate properties, net	6,374,708	6,604,540
Acquired real estate leases and other intangibles, net	107,956	130,622
Assets held for sale	43,101	10,500
Cash and cash equivalents	143,482	180,119
Restricted cash	13,904	17,711
Equity method investment	115,818	113,304
Due from related persons	3,911	6,376
Other assets, net	316,678	292,944
Total assets	7,119,558	7,356,116
LIABILITIES AND SHAREHOLDERS’ EQUITY
Revolving credit facility	150,000	0
Mortgage notes payable, net	568,283	558,876
Total liabilities	6,267,685	6,129,983
Commitments and contingencies
Shareholders’ equity:
Common shares of beneficial interest, $.01 par value; 200,000,000 shares authorized; 166,636,537 and 165,769,595 shares issued and outstanding, respectively	1,666	1,658
Additional paid in capital	4,560,334	4,557,473
Cumulative other comprehensive income	1,865	2,318
Cumulative net income	2,194,974	2,470,500
Cumulative common distributions	(5,906,966)	(5,805,816)
Total shareholders’ equity	851,873	1,226,133
Total liabilities and shareholders’ equity	7,119,558	7,356,116
Senior Secured Notes
LIABILITIES AND SHAREHOLDERS’ EQUITY
Senior notes	972,073	968,017
Senior Unsecured Notes
LIABILITIES AND SHAREHOLDERS’ EQUITY
Senior notes	4,020,347	3,993,327
Nonrelated Party
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable and other liabilities and due to related persons	532,864	587,005
Related Party
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable and other liabilities and due to related persons	$ 24,118	$ 22,758