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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows — Operating Activities    
Net income (loss) $ 18,891 $ (81,005)
Adjustments to net income (loss):    
(Gain) loss on sale of real estate, net (33,151) 4,259
Allowance for credit losses 11,035 0
Impairment charges — real estate 7,093 82,737
Depreciation and amortization, including intangible assets and deferred financing costs 5,087 23,079
Amortization of rent-related intangibles and deferred rental revenue 331 (1,196)
Straight-line rent adjustments 316 1,249
Net realized and unrealized (gains) losses on extinguishment of debt, foreign currency exchange rate movements, and other (2) 803
Proceeds from sales of net investments in sales-type leases 8,017 0
Net changes in other operating assets and liabilities (7,690) (4,098)
Net Cash Provided by Operating Activities 9,927 25,828
Cash Flows — Investing Activities    
Proceeds from sales of real estate 119,994 25,427
Funding for capital expenditures on real estate (677) (2,684)
Value added taxes refunded in connection with sale of real estate 0 (37)
Net Cash Provided by Investing Activities 119,317 22,706
Cash Flows — Financing Activities    
Distributions paid (224,434) 0
Distributions to noncontrolling interest (106) (181)
Other financing activities, net (4) (8)
Payments of mortgage principal and other debt instruments 0 (61,307)
Net Cash Used in Financing Activities (224,544) (61,496)
Change in Cash and Cash Equivalents and Restricted Cash During the Period    
Effect of exchange rate changes on cash and cash equivalents and restricted cash (17) 725
Net decrease in cash and cash equivalents and restricted cash (95,317) (12,237)
Cash and cash equivalents and restricted cash, beginning of period 122,632 68,426
Cash and cash equivalents and restricted cash, end of period $ 27,315 $ 56,189