v3.25.2
Investments - Schedule of Gross Investment Activity (Details)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
USD ($)
investmentLocation
Jun. 30, 2024
USD ($)
investmentLocation
Dec. 31, 2024
USD ($)
Number of Investment Locations      
Beginning balance | investmentLocation 2,104 1,873  
Acquisitions of and additions to real estate investments | investmentLocation 121 141  
Sales of investments in real estate | investmentLocation (34) (13)  
Relinquishment of properties at end of ground lease term | investmentLocation   (3)  
Investments in loans receivable | investmentLocation 4 21  
Principal collections on and settlements of loans and direct financing lease receivables | investmentLocation (5) (10)  
Ending balance | investmentLocation 2,190 2,009  
Dollar Amount of Investments      
Beginning balance $ 6,029,433 $ 4,915,246  
Acquisitions of and additions to real estate investments 622,806 511,218  
Sales of investments in real estate (70,145) (16,706)  
Relinquishment of properties at end of ground lease term   (1,471)  
Provisions for impairment of real estate (6,495) (6,564)  
Investments in loans receivable 35,489 76,031  
Principal collections on and settlements of loans and direct financing lease receivables (15,940) (4,900)  
Other (2,548) (1,531)  
Ending balance 6,592,601 5,471,324  
Less: accumulated depreciation and amortization (541,388) (421,486) $ (476,827)
Net investments $ 6,051,213 $ 5,049,838 $ 5,552,606