Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate assets held for investment:    
Land and improvements $ 2,742,072 $ 2,740,250
Buildings and improvements 6,081,378 5,892,117
Less: accumulated depreciation (1,354,807) (1,211,061)
Total real estate assets held for investment, net 7,468,643 7,421,306
Intangible lease assets, net 389,100 423,870
Real estate assets under direct financing leases, net 7,404 7,427
Real estate assets held for sale, net 61,545 49,148
Loans receivable, net 52,949 23,023
Total investments, net 7,979,641 7,924,774
Cash and cash equivalents 134,166 8,770
Deferred costs and other assets, net 310,801 313,722
Goodwill 225,600 225,600
Total assets 8,650,208 8,472,866
Liabilities:    
Revolving credit facilities   55,500
Term loans, net 1,090,198 792,309
Senior Unsecured Notes, net 2,725,505 2,722,514
Mortgages payable, net 4,545 4,986
Total debt, net 3,820,248 3,575,309
Intangible lease liabilities, net 106,814 118,077
Accounts payable, accrued expenses and other liabilities 230,353 218,164
Total liabilities 4,157,415 3,911,550
Commitments and contingencies (see Note 6)
Stockholders’ equity:    
Preferred stock and paid in capital, $0.01 par value, 20,000,000 shares authorized: 6,900,000 shares issued and outstanding at both September 30, 2023 and December 31, 2022 166,177 166,177
Common stock, $0.05 par value, 350,000,000 shares authorized: 141,331,218 and 141,231,219 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 7,067 7,062
Capital in excess of common stock par value 7,300,728 7,285,629
Accumulated deficit (3,036,475) (2,931,640)
Accumulated other comprehensive income 55,296 34,088
Total stockholders’ equity 4,492,793 4,561,316
Total liabilities and stockholders’ equity $ 8,650,208 $ 8,472,866