Global Medical REIT (GMRE) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Entity Registrant Name	Global Medical REIT Inc.
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-37815
Entity Tax Identification Number	46-4757266
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	2 Bethesda Metro Center, Suite 440
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	202
Local Phone Number	524-6851
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		65,518,306
Entity Central Index Key	0001533615
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock [Member]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	GMRE
Security Exchange Name	NYSE
Series A Preferred Stock [Member]
Title of 12(b) Security	Series A Preferred Stock, par value $0.001 per share
Trading Symbol	GMRE PrA
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investment in real estate:
Land	$ 165,045	$ 152,060
Building	1,049,876	985,091
Site improvements	20,805	19,021
Tenant improvements	62,500	58,900
Acquired lease intangible assets	146,339	127,931
Investment in real estate, Total	1,444,565	1,343,003
Less: accumulated depreciation and amortization	(172,006)	(143,255)
Investment in real estate, net	1,272,559	1,199,748
Cash and cash equivalents	5,873	7,213
Restricted cash	8,327	5,546
Tenant receivables, net	6,189	6,070
Due from related parties	337	163
Escrow deposits	7,708	5,957
Deferred assets	27,731	25,417
Derivative asset	16,583	1,236
Goodwill	5,903	5,903
Other assets	6,056	6,232
Total assets	1,357,266	1,263,485
Liabilities:
Credit Facility, net of unamortized debt issuance costs of $7,113 and $8,033 at June 30, 2022 and December 31, 2021, respectively	602,987	514,567
Notes payable, net of unamortized debt issuance costs of $530 and $607 at June 30, 2022 and December 31, 2021, respectively	56,687	57,162
Accounts payable and accrued expenses	11,922	10,344
Dividends payable	15,926	15,668
Security deposits	5,304	4,540
Derivative liability		7,790
Other liabilities	7,428	7,709
Acquired lease intangible liability, net	7,903	8,128
Total liabilities	708,157	625,908
Equity:
Preferred stock, $0.001 par value, 10,000 shares authorized; 3,105 issued and outstanding at June 30, 2022 and December 31, 2021, respectively (liquidation preference of $77,625 at June 30, 2022 and December 31, 2021, respectively)	74,959	74,959
Common stock, $0.001 par value, 500,000 shares authorized; 65,518 shares and 64,880 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	66	65
Additional paid-in capital	722,074	711,414
Accumulated deficit	(179,614)	(157,017)
Accumulated other comprehensive income (loss)	16,527	(6,636)
Total Global Medical REIT Inc. stockholders' equity	634,012	622,785
Noncontrolling interest	15,097	14,792
Total equity	649,109	637,577
Total liabilities and equity	$ 1,357,266	$ 1,263,485

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Unamortized debt issuance costs	$ 530	$ 607
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	3,105	3,105
Preferred stock, shares outstanding	3,105	3,105
Preferred stock, liquidation preference	$ 77,625	$ 77,625
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000	500,000
Common stock, shares issued	65,518	64,880
Common stock, shares outstanding	65,518	64,880
Line of Credit [Member]
Unamortized debt issuance costs	$ 7,113	$ 8,033
Notes Payable, Net [Member]
Unamortized debt issuance costs	$ 530	$ 607

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Rental revenue	$ 33,679	$ 28,200	$ 65,530	$ 55,525
Other income	18	61	42	85
Total revenue	33,697	28,261	65,572	55,610
Expenses
General and administrative	4,336	4,285	8,534	8,667
Operating expenses	6,000	3,303	11,372	6,991
Depreciation expense	9,898	8,292	19,300	16,140
Amortization expense	4,138	3,135	7,915	6,140
Interest expense	5,401	5,020	10,202	10,057
Preacquisition expense	90	62	130	128
Total expenses	29,863	24,097	57,453	48,123
Net income	3,834	4,164	8,119	7,487
Less: Preferred stock dividends	(1,455)	(1,455)	(2,911)	(2,911)
Less: Net (income) loss attributable to noncontrolling interest	(143)	(156)	(313)	(268)
Net income (loss) attributable to common stockholders	$ 2,236	$ 2,553	$ 4,895	$ 4,308
Net income (loss) attributable to common stockholders per share - basic	$ 0.03	$ 0.04	$ 0.07	$ 0.08
Net income (loss) attributable to common stockholders per share - diluted	$ 0.03	$ 0.04	$ 0.07	$ 0.08
Weighted average shares outstanding - basic	65,507	61,194	65,405	56,956
Weighted average shares outstanding - diluted	65,507	61,194	65,405	56,956

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Condensed Consolidated Statements of Comprehensive Income
Net income	$ 3,834	$ 4,164	$ 8,119	$ 7,487
Other comprehensive income
Increase in fair value of interest rate swap agreements	5,770	804	23,163	4,435
Total other comprehensive income	5,770	804	23,163	4,435
Comprehensive income	9,604	4,968	31,282	11,922
Less: Preferred stock dividends	(1,455)	(1,455)	(2,911)	(2,911)
Less: Comprehensive income attributable to noncontrolling interest	(491)	(202)	(1,706)	(529)
Comprehensive income attributable to common stockholders	$ 7,658	$ 3,311	$ 26,665	$ 8,482

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Global Medial REIT Inc. Stockholders' Equity [Member]	Noncontrolling Interest [Member]	Total
Balances at Dec. 31, 2020	$ 49	$ 74,959	$ 504,789	$ (116,773)	$ (18,219)	$ 444,805	$ 12,955	$ 457,760
Balance (in shares) at Dec. 31, 2020	49,461	3,105
Net income				7,219		7,219	268	7,487
Issuance of shares of common stock, net	$ 15		194,498			194,513		194,513
Issuance of shares of common stock, net (in shares)	14,685
LTIP Units and OP Units redeemed for common stock			751			751	(751)
LTIP Units and OP Units redeemed for common stock (in shares)	51
Change in fair value of interest rate swap agreements					4,435	4,435		4,435
Stock-based compensation expense							3,327	3,327
Dividends to common stockholders				(25,623)		(25,623)		(25,623)
Dividends to preferred stockholders				(2,911)		(2,911)		(2,911)
Dividends to noncontrolling interest							(1,733)	(1,733)
Balances at Jun. 30, 2021	$ 64	$ 74,959	700,038	(138,088)	(13,784)	623,189	14,066	637,255
Balances (in shares) at Jun. 30, 2021	64,197	3,105
Balances at Mar. 31, 2021	$ 61	$ 74,959	648,949	(127,480)	(14,588)	581,901	13,918	595,819
Balance (in shares) at Mar. 31, 2021	60,794	3,105
Net income				4,008		4,008	156	4,164
Issuance of shares of common stock, net	$ 3		50,338			50,341		50,341
Issuance of shares of common stock, net (in shares)	3,352
LTIP Units and OP Units redeemed for common stock			751			751	(751)
LTIP Units and OP Units redeemed for common stock (in shares)	51
Change in fair value of interest rate swap agreements					804	804		804
Stock-based compensation expense							1,612	1,612
Dividends to common stockholders				(13,160)		(13,160)		(13,160)
Dividends to preferred stockholders				(1,456)		(1,456)		(1,456)
Dividends to noncontrolling interest							(869)	(869)
Balances at Jun. 30, 2021	$ 64	$ 74,959	700,038	(138,088)	(13,784)	623,189	14,066	637,255
Balances (in shares) at Jun. 30, 2021	64,197	3,105
Balances at Dec. 31, 2021	$ 65	$ 74,959	711,414	(157,017)	(6,636)	622,785	14,792	637,577
Balance (in shares) at Dec. 31, 2021	64,880	3,105
Net income				7,806		7,806	313	8,119
Issuance of shares of common stock, net	$ 1		9,978			9,979		9,979
Issuance of shares of common stock, net (in shares)	598
LTIP Units and OP Units redeemed for common stock			682			682	(682)
LTIP Units and OP Units redeemed for common stock (in shares)	40
Change in fair value of interest rate swap agreements					23,163	23,163		23,163
Stock-based compensation expense							2,576	2,576
Dividends to common stockholders				(27,492)		(27,492)		(27,492)
Dividends to preferred stockholders				(2,911)		(2,911)		(2,911)
Dividends to noncontrolling interest							(1,902)	(1,902)
Balances at Jun. 30, 2022	$ 66	$ 74,959	722,074	(179,614)	16,527	634,012	15,097	649,109
Balances (in shares) at Jun. 30, 2022	65,518	3,105
Balances at Mar. 31, 2022	$ 65	$ 74,959	720,306	(168,089)	10,757	637,998	14,619	652,617
Balance (in shares) at Mar. 31, 2022	65,400	3,105
Net income				3,691		3,691	143	3,834
Issuance of shares of common stock, net	$ 1		1,768			1,769		1,769
Issuance of shares of common stock, net (in shares)	118
Change in fair value of interest rate swap agreements					5,770	5,770		5,770
Stock-based compensation expense							1,289	1,289
Dividends to common stockholders				(13,760)		(13,760)		(13,760)
Dividends to preferred stockholders				(1,456)		(1,456)		(1,456)
Dividends to noncontrolling interest							(954)	(954)
Balances at Jun. 30, 2022	$ 66	$ 74,959	$ 722,074	$ (179,614)	$ 16,527	$ 634,012	$ 15,097	$ 649,109
Balances (in shares) at Jun. 30, 2022	65,518	3,105

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Condensed Consolidated Statements of Equity
Dividends to common stockholders	$ 0.21	$ 0.205	$ 0.42	$ 0.41
Dividends to preferred stockholders	$ 0.46875	$ 0.46875	$ 0.9375	$ 0.9375

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income	$ 8,119	$ 7,487
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	19,300	16,140
Amortization of acquired lease intangible assets	7,871	6,097
Amortization of above market leases, net	514	145
Amortization of debt issuance costs and other	1,029	930
Stock-based compensation expense	2,576	3,327
Capitalized preacquisition and other costs charged to expense	190	84
Reserve for uncollectible accounts		(100)
Other	45	22
Changes in operating assets and liabilities:
Tenant receivables	(119)	810
Deferred assets	(2,314)	(2,778)
Other assets and liabilities	323	5
Accounts payable and accrued expenses	1,621	862
Security deposits	764	45
Net cash provided by operating activities	39,919	33,076
Investing activities
Purchase of land, buildings, and other tangible and intangible assets and liabilities	(99,917)	(115,545)
Escrow deposits for purchase of properties	(794)	1,020
Advances made to related parties	(174)	(162)
Capital expenditures on existing real estate investments	(1,509)	(1,284)
Net cash used in investing activities	(102,394)	(115,971)
Financing activities
Net proceeds received from common equity offerings	9,979	194,455
Escrow deposits required by third party lenders	(957)	(1,734)
Repayment of notes payable	(552)	(446)
Proceeds from Credit Facility	92,500	133,100
Repayment of Credit Facility	(5,000)	(207,200)
Payment of debt issuance costs	(7)	(6,177)
Dividends paid to common stockholders, and OP Unit and LTIP Unit holders	(29,136)	(24,575)
Dividends paid to preferred stockholders	(2,911)	(2,911)
Net cash provided by financing activities	63,916	84,512
Net (decrease) increase in cash and cash equivalents and restricted cash	1,441	1,617
Cash and cash equivalents and restricted cash-beginning of period	12,759	10,753
Cash and cash equivalents and restricted cash-end of period	14,200	12,370
Supplemental cash flow information:
Cash payments for interest	9,046	9,182
Noncash financing and investing activities:
Accrued dividends payable	15,926	15,251
Interest rate swap agreements fair value change recognized in other comprehensive income	(23,163)	(4,435)
OP Units and LTIP Units redeemed for common stock	682	751
Accrued common stock offering costs		22
Accrued capital expenditures included in accounts payable and accrued expenses	$ 1,697	$ 574

Organization

Organization	6 Months Ended
	Jun. 30, 2022
Organization
Organization	Note 1 – Organization Global Medical REIT Inc. (the “Company”) is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups with leading market share. The Company holds its facilities and conducts its operations through a Delaware limited partnership subsidiary named Global Medical REIT L.P. (the “Operating Partnership”). The Company serves as the sole general partner of the Operating Partnership through a wholly owned subsidiary of the Company named Global Medical REIT GP LLC, a Delaware limited liability company. As of June 30, 2022, the Company was the 93.97% limited partner of the Operating Partnership, with an aggregate of 6.03% of the Operating Partnership owned by holders of long-term incentive plan units (“LTIP Units”) and third-party limited partners who contributed properties or services to the Operating Partnership in exchange for common limited partnership units (“OP Units”).

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of presentation The accompanying condensed consolidated financial statements are unaudited and include the accounts of the Company, including the Operating Partnership and its wholly owned subsidiaries. The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures required for annual consolidated financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the accompanying condensed consolidated financial statements do not include all the information and footnotes required by GAAP for complete consolidated financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2021. In the opinion of management, all adjustments of a normal and recurring nature necessary for a fair presentation of the condensed consolidated financial statements for the interim periods have been made. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. The Company presents the portion of any equity it does not own but controls (and thus consolidates) as noncontrolling interest. Noncontrolling interest in the Company includes the LTIP Units that have been granted to directors, officers and employees of the Company and the OP Units held by third parties. Refer to Note 5 – “Equity” and Note 7 – “Stock-Based Compensation” for additional information regarding the OP Units and LTIP Units. The Company classifies noncontrolling interest as a component of consolidated equity on its Condensed Consolidated Balance Sheets, separate from the Company’s total equity. The Company’s net income or loss is allocated to noncontrolling interests based on the respective ownership or voting percentage in the Operating Partnership associated with such noncontrolling interests and is removed from consolidated income or loss on the Condensed Consolidated Statements of Operations in order to derive net income or loss attributable to common stockholders. The noncontrolling ownership percentage is calculated by dividing the aggregate number of LTIP Units and OP Units by the total number of units and shares outstanding. Any future issuances of additional LTIP Units or OP Units would change the noncontrolling ownership interest. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and footnotes. Actual results could differ from those estimates. Investment in Real Estate The Company determines when an acquisition meets the definition of a business or alternatively should be accounted for as an asset acquisition in accordance with Accounting Standard Codification (“ASC”) Topic 805 “Business Combinations” (“ASC Topic 805”), which requires that, when substantially all of the fair value of an acquisition is concentrated in a single identifiable asset or a group of similar identifiable assets, the asset or group of similar identifiable assets does not meet the definition of a business and therefore is required to be accounted for as an asset acquisition. Transaction costs are capitalized for asset acquisitions and expensed as incurred for business combinations. All our facility acquisitions for the six months ended June 30, 2022 and 2021 have been accounted for as asset acquisitions because substantially all the fair value of the gross assets the Company acquired were concentrated in a single asset or group of similar identifiable assets. For asset acquisitions that are “owner occupied” (meaning that the seller either is the tenant or controls the tenant), the purchase price, including capitalized acquisition costs, will be allocated to land and building based on their relative fair values with no value allocated to intangible assets or liabilities. For asset acquisitions where there is a lease in place but that are not “owner occupied,” the Company will allocate the purchase price to tangible assets and any intangible assets acquired or liabilities assumed based on their relative fair values. Fair value is determined based upon the guidance of ASC Topic 820, “Fair Value Measurements and Disclosures,” and generally are determined using Level 2 inputs, such as rent comparables, sales comparables, and broker indications. Although Level 3 inputs are utilized, they are minor in comparison to the Level 2 data used for the primary assumptions. The determination of fair value involves the use of significant judgment and estimates. We make estimates to determine the fair value of the tangible and intangible assets acquired and liabilities assumed using information obtained from multiple sources, including preacquisition due diligence, and we routinely utilize the assistance of a third-party appraiser. Revenue Recognition The Company’s operations primarily consist of rental revenue earned from tenants under leasing arrangements which provide for minimum rent and escalations. The leases have been accounted for as operating leases. For operating leases with contingent rental escalators, revenue is recorded based on the contractual cash rental payments due during the period. Revenue from leases with fixed annual rental escalators are recognized on a straight-line basis over the initial lease term, subject to a collectability assessment, with the difference between the contractual rental receipts and the straight-line amounts recorded as a “deferred rent receivable.” Additionally, the Company recognizes as a component of rental revenue “expense recoveries” revenue, which represents revenue recognized related to tenant reimbursement of real estate taxes, insurance, and certain other operating expenses (“tenant reimbursements”). The Company recognizes these reimbursements and related expenses on a gross basis in its Condensed Consolidated Statements of Operations. Cash and Cash Equivalents and Restricted Cash The Company considers all demand deposits, cashier’s checks, money market accounts, and certificates of deposit with a maturity of three months or less to be cash equivalents. Amounts included in restricted cash represent (1) certain security deposits received from tenants at the inception of their leases; (2) cash required to be held by a third-party lender as a reserve for debt service; and (3) funds held by the Company related to tenant reimbursements. The following table provides a reconciliation of the Company’s cash and cash equivalents and restricted cash that sums to the total of those amounts at the end of the periods presented on the Company’s accompanying Condensed Consolidated Statements of Cash Flows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, ​ 2022 2021 Cash and cash equivalents $ 5,873 $ 5,821 Restricted cash ​ ​ 8,327 ​ ​ 6,549 Total cash and cash equivalents and restricted cash $ 14,200 $ 12,370 ​ Tenant Receivables, Net The tenant receivable balance as of June 30, 2022 and December 31, 2021 was $6,189 and $6,070, respectively. The balance as of June 30, 2022 consisted of $1,143 in funds owed from the Company’s tenants for rent that the Company had earned but had not yet received, $1,149 of loans that were made to two of the Company’s tenants, and $3,897 of tenant reimbursements. The balance as of December 31, 2021 consisted of $1,309 in funds owed from the Company’s tenants for rent that the Company had earned but had not yet received, $1,158 of loans that were made to two of the Company’s tenants, and $3,603 of tenant reimbursements. Receivables arising from operating leases are accounted for in accordance with ASC Topic 842 “Leases” (“ASC Topic 842”). The Company assesses the likelihood of losses resulting from tenant defaults, or the inability of tenants to make contractual rent and tenant reimbursements at each reporting date. The Company also monitors the liquidity and creditworthiness of its tenants and operators on a continuous basis. If the likelihood of a tenant paying its lease payments is determined to no longer be probable, all tenant receivables, including deferred rent, are written off against revenue and any future revenue for that tenant is recognized only upon receipt of cash. In addition, as of June 30, 2022 and December 31, 2021, the Company had a portfolio level reserve of $350 on those leases that were probable of collection to ensure that the tenant lease receivables were not overstated. Escrow Deposits The escrow balance as of June 30, 2022 and December 31, 2021 was $7,708 and $5,957, respectively. Escrow deposits include funds held in escrow to be used for the acquisition of properties in the future and for the payment of taxes, insurance, and other amounts as stipulated by the Company’s Cantor Loan, as hereinafter defined. Deferred Assets The deferred assets balance as of June 30, 2022 and December 31, 2021 was $27,731 and $25,417, respectively. The balance as of June 30, 2022 consisted of $27,583 in deferred rent receivables resulting from the recognition of revenue from leases with fixed annual rental escalations on a straight-line basis and $148 of other deferred costs. The balance as of December 31, 2021 consisted of $25,356 in deferred rent receivables resulting from the recognition of revenue from leases with fixed annual rental escalations on a straight-line basis and $61 of other deferred costs. Other Assets The other assets balance as of June 30, 2022 and December 31, 2021 was $6,056 and $6,232, respectively. The balance as of June 30, 2022 consisted of $3,647 for right of use assets, $741 in preacquisition and other capitalized costs related to our properties, $1,474 in prepaid assets, and $194 for net capitalized software costs and miscellaneous assets. The balance as of December 31, 2021 consisted of $3,809 for right of use assets, $257 in preacquisition and other capitalized costs related to our properties, $1,916 in prepaid assets, and $250 for net capitalized software costs and miscellaneous assets. Refer to Note 8 – “Leases” for additional details on right of use assets. Derivative Instruments - Interest Rate Swaps As of June 30, 2022 and December 31, 2021, the Company's balance related to interest rate swap derivative instruments that were designated as cash flow hedges of interest rate risk was an asset of $16,583 and a net liability of $6,554, respectively. In accordance with the Company’s risk management strategy, the purpose of the interest rate swaps is to manage interest rate risk for certain of the Company’s variable-rate debt. The interest rate swaps involve the Company’s receipt of variable-rate amounts from the counterparties in exchange for the Company making fixed-rate payments over the life of the agreements. The Company accounts for derivative instruments in accordance with the provisions of ASC Topic 815, “Derivatives and Hedging.” Refer to Note 4 – “Credit Facility, Notes Payable and Derivative Instruments” for additional details. Goodwill ​ As of June 30, 2022 and December 31, 2021, the Company’s goodwill balance was $5,903. Goodwill represents the excess of consideration paid over the fair value of underlying identifiable net assets of businesses acquired. Goodwill has an indefinite life and is not amortized, but is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company’s policy is to perform its annual goodwill impairment evaluation as of the first day of the fourth quarter of its fiscal year. The Company has one reporting unit. ​ Assets Held for Sale and Sales of Real Estate The Company classifies a property as held for sale when the following criteria are met: (i) management, having the authority to approve action, commits to a plan to sell the property in its present condition, (ii) the sale of the property is at a price reasonable in relation to its current fair value and (iii) the sale is probable and expected to be completed within one year. At that time, the Company presents the assets and obligations associated with the real estate held for sale separately in its Condensed Consolidated Balance Sheets and ceases recording depreciation and amortization expense related to that asset. Real estate held for sale is reported at the lower of its carrying amount or its estimated fair value less estimated costs to sell. None of the Company’s properties were classified as held for sale as of June 30, 2022 or December 31, 2021. Upon the disposition of a property, the Company recognizes a gain or loss at a point in time when the Company determines control of the underlying asset has been transferred to the buyer. The Company’s performance obligation is generally satisfied at the closing of the transaction. Any continuing involvement is analyzed as a separate performance obligation in the contract, and a portion of the sales price is allocated to each performance obligation. There is significant judgment applied to estimate the amount of any variable consideration identified within the sales price and assess its probability of occurrence based on current market information, historical transactions, and forecasted information that is reasonably available. For sales of real estate (or assets classified as held for sale), the Company evaluates whether the disposition is a strategic shift that will have a major effect on the Company’s operations and financial results, and, if so, it will be classified as discontinued operations in the Company’s consolidated financial statements for all periods presented. Other Liabilities The other liabilities balance as of June 30, 2022 and December 31, 2021 was $7,428 and $7,709, respectively. The balance as of June 30, 2022 consisted of $3,112 for right of use liabilities and $4,316 of prepaid rent. The balance as of December 31, 2021 consisted of $4,479 for right of use liabilities and $3,230 of prepaid rent. Refer to Note 8 – “Leases” for additional details on right of use liabilities. Recent Accounting Pronouncements ​ Reference Rate Reform Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848) (“ASU 2020-04”) contains practical expedients for reference rate reform-related activities that impact debt, leases, derivatives, and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. As of June 30, 2022, the Company had elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur.

Property Portfolio

Property Portfolio	6 Months Ended
	Jun. 30, 2022
Property Portfolio
Property Portfolio	Note 3 – Property Portfolio Summary of Properties Acquired During the Six Months Ended June 30, 2022 During the six months ended June 30, 2022 the Company completed nine acquisitions. For each acquisition, substantially all of the fair value was concentrated in a single identifiable asset or group of similar identifiable assets and, therefore, each acquisition represents an asset acquisition. Accordingly, transaction costs for these acquisitions were capitalized. A rollforward of the gross investment in land, building, improvements, and acquired lease intangible assets as of June 30, 2022 resulting from these acquisitions is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Site Tenant Acquired Lease Gross Investment in ​ Land Building Improvements Improvements Intangible Assets Real Estate Balances as of December 31, 2021 ​ $ 152,060 ​ $ 985,091 ​ $ 19,021 ​ $ 58,900 ​ $ 127,931 ​ $ 1,343,003 Facility Acquired – Date Acquired: ​ ​ ​ ​ ​ ​ Gainesville – 2/4/22 ​ ​ 555 ​ ​ 3,899 ​ ​ 76 ​ ​ 199 ​ ​ 575 ​ ​ 5,304 Grand Rapids – 2/28/22 ​ ​ 1,238 ​ ​ 4,976 ​ ​ 221 ​ ​ 270 ​ ​ 595 ​ ​ 7,300 Sarasota – 3/29/22 ​ ​ 747 ​ ​ 3,703 ​ ​ 84 ​ ​ 331 ​ ​ 1,263 ​ ​ 6,128 Greenwood – 3/30/22 ​ ​ 929 ​ ​ 4,332 ​ ​ 194 ​ ​ 360 ​ ​ 426 ​ ​ 6,241 Fairbanks – 4/1/22 ​ ​ 1,782 ​ ​ 12,262 ​ ​ 215 ​ ​ 753 ​ ​ 7,946 ​ ​ 22,958 Rocky Point – 4/8/22 ​ ​ 613 ​ ​ 6,243 ​ ​ 223 ​ ​ 317 ​ ​ 589 ​ ​ 7,985 Fairfax – 5/11/22 ​ ​ 4,012 ​ ​ 13,238 ​ ​ 399 ​ ​ 310 ​ ​ 3,304 ​ ​ 21,263 Lee's Summit – 5/19/22 ​ ​ 1,349 ​ ​ 4,101 ​ ​ 83 ​ ​ 410 ​ ​ 674 ​ ​ 6,617 Lexington – 5/27/22 ​ ​ 1,760 ​ ​ 11,350 ​ ​ 289 ​ ​ 556 ​ ​ 3,036 ​ ​ 16,991 Capitalized costs (1) ​ ​ — ​ ​ 681 ​ ​ — ​ ​ 94 ​ ​ — ​ ​ 775 Total Additions: ​ 12,985 ​ 64,785 ​ 1,784 ​ 3,600 ​ 18,408 ​ 101,562 Balances as of June 30, 2022 ​ $ 165,045 ​ $ 1,049,876 ​ $ 20,805 ​ $ 62,500 ​ $ 146,339 ​ $ 1,444,565 (1) Depreciation expense was $9,898 and $19,300 for the three and six months ended June 30, 2022, respectively, and $8,292 and $16,140 for the three and six months ended June 30, 2021, respectively. ​ As of June 30, 2022, the Company had aggregate capital improvement commitments and obligations to improve, expand, and maintain the Company’s existing facilities of approximately $24,183. Many of these amounts are subject to contingencies that make it difficult to predict when they will be utilized, if at all. In accordance with the terms of the Company’s leases, capital improvement obligations in the next twelve months could total up to approximately $20,403. Summary of Properties Acquired During the Year Ended December 31, 2021 During the year ended December 31, 2021 the Company completed 20 acquisitions. For each acquisition, substantially all of the fair value was concentrated in a single identifiable asset or group of similar identifiable assets and, therefore, each acquisition represents an asset acquisition. Accordingly, transaction costs for these acquisitions were capitalized. A rollforward of the gross investment in land, building, improvements, and acquired lease intangible assets as of December 31, 2021 resulting from these acquisitions is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Site Tenant Acquired Lease Gross Investment in ​ Land Building Improvements Improvements Intangible Assets Real Estate Balances as of December 31, 2020 ​ $ 128,857 ​ $ 851,427 ​ $ 15,183 ​ $ 49,204 ​ $ 98,234 ​ $ 1,142,905 Facility Acquired – Date Acquired: ​ ​ ​ ​ ​ ​ El Paso – 1/12/21 ​ 899 ​ ​ 7,549 ​ ​ 71 ​ ​ 160 ​ ​ 1,338 ​ 10,017 Syracuse – 1/15/21 ​ 616 ​ ​ 4,745 ​ ​ 128 ​ ​ 136 ​ ​ 772 ​ 6,397 West El Paso – 1/15/21 ​ 851 ​ ​ 7,160 ​ ​ 144 ​ ​ 567 ​ ​ 856 ​ 9,578 Fort Worth – 3/9/21 ​ 1,817 ​ ​ 13,020 ​ ​ 143 ​ ​ 395 ​ ​ 2,069 ​ 17,444 Port St. Lucie – 4/6/21 ​ 590 ​ ​ 3,583 ​ ​ 70 ​ ​ 185 ​ ​ 359 ​ 4,787 Cape Coral and Fort Myers – 4/13/21 ​ 5,623 ​ ​ 20,155 ​ ​ 480 ​ ​ 1,132 ​ ​ 4,311 ​ 31,701 Dallas – 4/16/21 ​ 3,101 ​ ​ 2,593 ​ ​ 63 ​ ​ 469 ​ ​ 493 ​ 6,719 East Grand Forks – 4/19/21 ​ 845 ​ ​ 6,248 ​ ​ 278 ​ ​ 815 ​ ​ 2,092 ​ 10,278 Coos Bay – 4/21/21 ​ 861 ​ ​ 5,095 ​ ​ 56 ​ ​ 50 ​ ​ 410 ​ 6,472 Caledonia – 6/2/21 ​ 582 ​ ​ 2,669 ​ ​ 66 ​ ​ 96 ​ ​ 497 ​ 3,910 Tallahassee – 6/2/21 ​ 782 ​ ​ 6,720 ​ ​ 137 ​ ​ 387 ​ ​ 1,218 ​ 9,244 Forsyth – 7/28/21 ​ 1,554 ​ ​ 9,627 ​ ​ 348 ​ ​ 456 ​ ​ 7,439 ​ 19,424 North Charleston – 7/29/21 ​ 927 ​ ​ 4,248 ​ ​ 106 ​ ​ 801 ​ ​ 1,098 ​ 7,180 Munster – 9/15/21 ​ 780 ​ ​ 4,451 ​ ​ 161 ​ ​ 391 ​ ​ 953 ​ 6,736 Hialeah – 9/30/21 ​ — ​ ​ 9,633 ​ ​ 264 ​ ​ 716 ​ ​ 1,231 ​ 11,844 Athens – 9/30/21 ​ 564 ​ ​ 4,106 ​ ​ 58 ​ ​ 63 ​ ​ 548 ​ 5,339 Lemoyne – 12/3/21 ​ 299 ​ ​ 3,661 ​ ​ 113 ​ ​ 359 ​ ​ 904 ​ 5,336 Athens 200 – 12/13/21 ​ 327 ​ ​ 1,336 ​ ​ 42 ​ ​ 134 ​ ​ 204 ​ 2,043 Mentor – 12/16/21 ​ 2,249 ​ ​ 6,291 ​ ​ 354 ​ ​ 253 ​ ​ 1,322 ​ 10,469 Oklahoma City – 12/20/21 ​ 727 ​ ​ 5,839 ​ ​ 261 ​ ​ 495 ​ ​ 1,583 ​ 8,905 Capitalized costs (1) ​ — ​ ​ 8,756 (2) ​ 495 ​ ​ 1,636 ​ ​ — ​ 10,887 Total Additions: ​ 23,994 ​ 137,485 ​ 3,838 ​ 9,696 ​ 29,697 ​ 204,710 Disposition of Prescott – 10/13/21 ​ (791) ​ ​ (3,821) ​ ​ — ​ ​ — ​ ​ — ​ (4,612) Balances as of December 31, 2021 ​ $ 152,060 ​ $ 985,091 ​ $ 19,021 ​ $ 58,900 ​ $ 127,931 ​ $ 1,343,003 (1) Represents capital projects that were completed and placed in service during the year ended December 31, 2021 related to the Company’s existing facilities. (2) During the year ended December 31, 2021, the Company completed and funded a $6,814 expansion at its Oklahoma City facility that was acquired in April 2019 with Mercy Rehabilitation Hospital as the tenant. Lease Intangible Assets and Liabilities The following is a summary of the carrying amount of lease intangible assets and liabilities as of the dates presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2022 ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ Cost Amortization Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ In-place leases ​ $ 79,661 ​ $ (29,172) ​ $ 50,489 Above market leases ​ 28,061 ​ (7,998) ​ 20,063 Leasing costs ​ 38,617 ​ (12,538) ​ 26,079 ​ ​ $ 146,339 ​ $ (49,708) ​ $ 96,631 Liability ​ ​ ​ ​ ​ ​ ​ ​ ​ Below market leases ​ $ 12,694 ​ $ (4,791) ​ $ 7,903 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ ​ ​ Accumulated ​ ​ ​ ​ Cost ​ Amortization ​ Net Assets ​ ​ ​ In-place leases ​ $ 70,527 ​ $ (23,638) ​ $ 46,889 Above market leases ​ 22,615 ​ (6,407) ​ 16,208 Leasing costs ​ 34,789 ​ (10,201) ​ 24,588 ​ ​ $ 127,931 ​ $ (40,246) ​ $ 87,685 Liability ​ ​ ​ ​ ​ ​ Below market leases ​ $ 11,842 ​ $ (3,714) ​ $ 8,128 ​ The following is a summary of the acquired lease intangible amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ ​ June 30, ​ June 30, ​ ​ 2022 2021 2022 2021 Amortization expense related to in-place leases ​ $ 2,895 ​ $ 2,168 ​ $ 5,534 ​ $ 4,258 ​ Amortization expense related to leasing costs ​ $ 1,221 ​ $ 945 ​ $ 2,337 ​ $ 1,839 ​ Decrease in rental revenue related to above market leases ​ $ 866 ​ $ 542 ​ $ 1,591 ​ $ 1,033 ​ Increase in rental revenue related to below market leases ​ $ 551 ​ $ 457 ​ $ 1,077 ​ $ 888 ​ ​ As of June 30, 2022, scheduled future aggregate net amortization of the acquired lease intangible assets and liabilities for each year ended December 31 is listed below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Decrease ​ Net Increase ​ ​ in Revenue ​ in Expenses 2022 (six months remaining) ​ $ (742) ​ $ 8,366 2023 ​ (1,515) ​ 15,823 2024 ​ (1,356) ​ 13,693 2025 ​ (1,745) ​ 10,219 2026 ​ (1,822) ​ 8,500 Thereafter ​ (4,980) ​ 19,967 Total ​ $ (12,160) ​ $ 76,568 ​ As of June 30, 2022, the weighted average amortization periods for asset lease intangibles and liability lease intangibles were 4.7 years and 3.6 years, respectively.

Credit Facility, Notes Payable

Credit Facility, Notes Payable and Derivative Instruments	6 Months Ended
	Jun. 30, 2022
Credit Facility, Notes Payable and Derivative Instruments
Credit Facility, Notes Payable and Derivative Instruments	Note 4 – Credit Facility, Notes Payable and Derivative Instruments Credit Facility As of June 30, 2022, the Company, the Operating Partnership, as borrower, and certain of its subsidiaries (such subsidiaries, the “Subsidiary Guarantors”) were parties to an amended and restated $750 million unsecured syndicated credit facility with JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent (the “Credit Facility”). The Credit Facility consists of a $350 million term loan component (the “Term Loan”) and a $400 million revolver component (the “Revolver”). The Credit Facility also includes a $500 million accordion feature. The Term Loan matures in May 2026 and the Revolver matures in May 2025, with two six-month extension options. Amounts outstanding under the Credit Facility bear interest at a floating rate that is based on LIBOR plus a specified margin based on the Company’s leverage. The Operating Partnership is subject to a number of financial covenants under the Credit Facility, including, among other things, the following as of the end of each fiscal quarter, (i) a maximum consolidated unsecured leverage ratio of less than 60%, (ii) a maximum consolidated secured leverage ratio of less than 30%, (iii) a maximum consolidated secured recourse leverage ratio of less than 10%, (iv) a minimum fixed charge coverage ratio of 1.50:1.00, (v) a minimum unsecured interest coverage ratio of 1.50:1.00, (vi) a maximum consolidated leverage ratio of less than 60%, and (vii) a minimum net worth of $345 million plus 75% of all net proceeds raised through equity offerings subsequent to December 31, 2020. As of June 30, 2022, management believed it complied with all of the financial and non-financial covenants contained in the Credit Facility. On August 1, 2022, the Company entered into an amendment to the Credit Facility, that, among other things: (i) added a new $150 million delayed-draw term loan, which matures on February 1, 2028; (ii) extended the maturity date of the Revolver from May 2025 to August 2026; and (iii) transitioned all LIBOR-based loans under the Credit Facility to SOFR-based loans. See Note 10 – “Subsequent Events” for additional information regarding the amendment to the Credit Facility. ​ The Company has entered into interest rate swaps to hedge its interest rate risk on the Term Loan and the new $150 million delayed-draw term loan. For additional information related to the interest rate swaps, see the “Derivative Instruments - Interest Rate Swaps” section herein. During the six months ended June 30, 2022, the Company borrowed $92,500 under the Credit Facility and repaid $5,000, for a net amount borrowed of $87,500. During the six months ended June 30, 2021, the Company borrowed $133,100 under the Credit Facility and repaid $207,200 for a net amount repaid of $74,100. Interest expense incurred on the Credit Facility was $4,208 and $7,822 for the three and six months ended June 30, 2022, respectively, and $3,749 and $7,601 for the three and six months ended June 30, 2021, respectively. As of June 30, 2022 and December 31, 2021, the Company had the following outstanding borrowings under the Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 December 31, 2021 Revolver ​ $ 260,100 ​ $ 172,600 Term Loan ​ 350,000 ​ 350,000 Less: Unamortized debt issuance costs ​ (7,113) ​ (8,033) Credit Facility, net ​ $ 602,987 ​ $ 514,567 ​ Costs incurred related to the Credit Facility, net of accumulated amortization, are netted against the Company’s “Credit Facility, net of unamortized debt issuance costs” balance in the accompanying Condensed Consolidated Balance Sheets. The Company paid $7 and $6,177 related to amendments and modifications to the Credit Facility during the six months ended June 30, 2022 and 2021, respectively. Amortization expense incurred was $464 and $927 for the three and six months ended June 30, 2022, respectively, and $427 and $776 for the three and six months ended June 30, 2021, respectively, and is included in the “Interest Expense” line item in the accompanying Condensed Consolidated Statements of Operations. Reference Rate Reform On March 5, 2021, the Financial Conduct Authority (“FCA”) announced that USD LIBOR will no longer be published after June 30, 2023. This announcement has several implications, including setting the spread that may be used to automatically convert contracts from LIBOR to the Secured Overnight Financing Rate (“SOFR”). Additionally, as of December 31, 2021, banks have ceased issuance of any new LIBOR debt. The Company anticipates that LIBOR will continue to be available at least until June 30, 2023, and, as of June 30, 2022, was in discussions with its lending institutions to amend the Credit Facility to, among other things, transition all of its LIBOR-based loans under the Credit Facility to SOFR-based loans. The Company has interest rate swaps that are indexed to LIBOR and is monitoring and evaluating the related risks. These risks arise in connection with transitioning contracts to an alternative rate, including any resulting value transfer that may occur, and are likely to vary by contract. The value of loans, securities, or derivative instruments tied to LIBOR may also be impacted if LIBOR is limited or discontinued. For some instruments the method of transitioning to an alternative reference rate may be challenging, especially if the Company cannot agree with the respective counterparty about how to make the transition. While the Company expects LIBOR to be available in substantially its current form until at least June 30, 2023, it is possible that LIBOR will become unavailable prior to that point. This could result, for example, if sufficient banks decline to make submissions to the LIBOR administrator. In that case, the risks associated with the transition to an alternative reference rate would be accelerated and magnified. Notes Payable, Net of Debt Issuance Costs The Company’s notes payable, net, includes three loans: (1) the Rosedale Loan, (2) the Dumfries Loan, and (3) the Cantor Loan, described in detail herein. The following table sets forth the aggregate balances of these loans as of June 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 December 31, 2021 Notes payable ​ $ 57,217 ​ $ 57,769 Unamortized debt issuance costs ​ (530) ​ (607) Notes payable, net ​ $ 56,687 ​ $ 57,162 ​ Amortization expense incurred related to the debt issuance costs was $38 and $77 for the three and six months ended June 30, 2022, respectively, and $66 and $129 for the three and six months ended June 30, 2021, respectively, and is included in the “Interest Expense” line item in the accompanying Condensed Consolidated Statements of Operations. Rosedale Loan On July 31, 2020, in connection with its acquisition of the Rosedale Facilities, the Company, through certain of its wholly owned subsidiaries, as borrowers, entered into a loan with FVCbank with a principal balance of $14,800 (the “Rosedale Loan”). The Rosedale Loan has an annual interest rate of 3.85% and matures on July 31, 2025 with principal and interest payable monthly based on a 25-year amortization schedule. The Company, at its option, may prepay the loan, subject to a prepayment fee. The Company made principal payments of $188 and $180 during the six months ended June 30, 2022 and 2021, respectively. The loan balance as of June 30, 2022 and December 31, 2021 was $14,142 and $14,330, respectively. Interest expense incurred on this loan was $138 and $275 for the three and six months ended June 30, 2022, respectively, and $141 and $282 for the three and six months ended June 30, 2021, respectively. As of June 30, 2022, scheduled principal payments due for each year ended December 31 were as follows: ​ ​ ​ ​ 2022 (six months remaining) $ 188 2023 ​ 391 2024 ​ 405 2025 ​ ​ 13,158 Total ​ $ 14,142 ​ Dumfries Loan ​ On April 27, 2020, in connection with its acquisition of the Dumfries Facility, the Company, through a wholly-owned subsidiary, assumed a CMBS loan with a principal amount of $12,074 (the “Dumfries Loan”). The Dumfries Loan has an annual interest rate of 4.68% and matures on June 1, 2024 with principal and interest payable monthly based on a ten-year amortization schedule. The Company, at its option, may prepay the loan, subject to a prepayment premium. The Company made principal payments of $142 and $136 during the six months ended June 30, 2022 and 2021, respectively. The loan balance as of June 30, 2022 and December 31, 2021 was $11,482 and $11,624, respectively. Interest expense incurred on this loan was $135 and $268 for the three and six months ended June 30, 2022, respectively, and $137 and $275 for the three and six months ended June 30, 2021, respectively. As of June 30, 2022, scheduled principal payments due for each year ended December 31 were as follows: ​ ​ ​ ​ 2022 (six months remaining) ​ $ 146 2023 ​ 302 2024 ​ 11,034 Total ​ $ 11,482 ​ Cantor Loan On March 31, 2016, through certain of its wholly owned subsidiaries (the “GMR Loan Subsidiaries”), the Company entered into a $32,097 CMBS loan (the “Cantor Loan”). The Cantor Loan has a maturity date of April 6, 2026 and an annual interest rate of 5.22%. The Cantor Loan required interest-only payments through March 31, 2021 and thereafter principal and interest based on a 30-year ​ The Company made principal payments of $222 and $70 during the six months ended June 30, 2022 and 2021, respectively. The loan balance as of June 30, 2022 and December 31, 2021 was $31,593 and $31,815, respectively. Interest expense incurred on this loan was $418 and $833 for the three and six months ended June 30, 2022, respectively, and $423 and $842 for the three and six months ended June 30, 2021, respectively. As of June 30, 2022, scheduled principal payments due for each year ended December 31 were as follows: ​ ​ ​ ​ 2022 (six months remaining) 225 2023 ​ 471 2024 ​ 492 2025 ​ 523 2026 ​ ​ 551 Thereafter ​ 29,331 Total ​ $ 31,593 ​ Derivative Instruments - Interest Rate Swaps The Company has six interest rate swaps with a total notional amount of $350 million that are used to manage its interest rate risk and fix the LIBOR component on the Term Loan. An aggregate of $150 million of the swaps mature in August 2023 and the remaining $200 million mature in August 2024. In addition, as of June 30, 2022, the Company had five forward starting interest rate swaps that will be effective on the maturity dates of the existing interest rate swaps. These forward starting swaps each have a maturity date of April 2026 and will fix the LIBOR component on the Term Loan through its maturity. Currently, the interest rate swaps fix the LIBOR component of the Term Loan at a rate of 1.91% through August 2023. Subsequently, from August 2023 to August 2024 the LIBOR component of the Term Loan rate will be fixed at 1.61%. Finally, from August 2024 to April 2026 the LIBOR component of the Term Loan rate will be fixed at 1.45%. See Note 10 – “Subsequent Events” for a discussion of the amendment to the Credit Facility that transitioned all LIBOR-based loans under the Credit Facility to SOFR-based loans as well as for a discussion of the forward starting interest rate swaps that the Company entered into on August 2, 2022 to fix the SOFR component on the new $150 million delayed-draw term loan at 2.54%. The Company records the swaps either as an asset or a liability measured at its fair value at each reporting period. When hedge accounting is applied, the change in the fair value of derivatives designated and that qualify as cash flow hedges is (i) recorded in accumulated other comprehensive loss in the equity section of the Company’s Condensed Consolidated Balance Sheets and (ii) subsequently reclassified into earnings as interest expense for the period that the hedged forecasted transactions affect earnings. If specific hedge accounting criteria are not met, changes in the Company’s derivative instruments’ fair value are recognized currently as an adjustment to net income. ​ The Company’s interest rate swaps are not traded on an exchange. The Company’s interest rate swaps are recorded at fair value based on a variety of observable inputs including contractual terms, interest rate curves, yield curves, measure of volatility, and correlations of such inputs. The Company measures its derivatives at fair value on a recurring basis based on the expected size of future cash flows on a discounted basis and incorporating a measure of non-performance risk. The fair values are based on Level 2 inputs within the framework of ASC Topic 820, “Fair Value Measurement.” The Company considers its own credit risk, as well as the credit risk of its counterparties, when evaluating the fair value of its derivative instruments. The fair value of the Company’s interest rate swaps was an asset of $16,583 and a net liability of $6,554 as of June 30, 2022 and December 31, 2021, respectively. The gross balances are included in the “Derivative Asset” and “Derivative Liability” line items on the Company’s Condensed Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021, respectively. The table below details the components of the amounts presented on the accompanying Condensed Consolidated Statements of Comprehensive Income recognized on the Company’s interest rate swaps designated as cash flow hedges for the three and six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of (gain) loss recognized in other comprehensive income ​ $ (4,757) ​ $ 786 ​ $ (20,634) ​ $ (1,296) Amount of loss reclassified from accumulated other comprehensive income (loss) into interest expense ​ (1,013) ​ (1,590) ​ (2,529) ​ (3,139) Total change in accumulated other comprehensive income (loss) ​ $ (5,770) ​ $ (804) ​ $ (23,163) ​ $ (4,435) ​ During the next twelve months, the Company estimates that an additional $4,242 will be reclassified as a decrease to interest expense. Additionally, during the three and six months ended June 30, 2022, the Company recorded total interest expense in its Condensed Consolidated Statements of Operations of $5,401 and $10,202, respectively. Weighted-Average Interest Rate and Term The weighted average interest rate and term of the Company’s debt was 3.14% and 3.79 years at June 30, 2022, compared to 2.87% and 4.28 years as of December 31, 2021.

Equity

Equity	6 Months Ended
	Jun. 30, 2022
Equity
Equity	Note 5 – Equity Preferred Stock The Company’s charter authorizes the issuance of 10,000 shares of preferred stock, par value $0.001 per share. As of June 30, 2022 and December 31, 2021, there were 3,105 shares of Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”), issued and outstanding. The Series A Preferred Stock has a liquidation preference of $25 per share. Preferred stock dividend activity for the six months ended June 30, 2022 is summarized in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Applicable ​ Quarterly Dividends Date Announced ​ Record Date ​ Quarter ​ Payment Date ​ Dividend ​ per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 10, 2021 January 15, 2022 Q4 2021 January 31, 2022 ​ $ 1,455 ​ $ 0.46875 March 11, 2022 April 15, 2022 Q1 2022 May 2, 2022 ​ $ 1,455 ​ $ 0.46875 June 10, 2022 July 15, 2022 Q2 2022 August 1, 2022 ​ $ 1,455 (1) $ 0.46875 (1) Two months of this amount, equal to $970, was accrued at June 30, 2022. The holders of the Series A Preferred Stock are entitled to receive dividend payments only when, as and if declared by the Company’s board of directors (the “Board”) (or a duly authorized committee of the Board). Dividends will accrue or be payable in cash from the original issue date, on a cumulative basis, quarterly in arrears on each dividend payment date at a fixed rate per annum equal to 7.50% of the liquidation preference of $25.00 per share (equivalent to $1.875 per share on an annual basis). Dividends on the Series A Preferred Stock will be cumulative and will accrue whether or not (i) funds are legally available for the payment of those dividends, (ii) the Company has earnings or (iii) those dividends are declared by the Board. The quarterly dividend payment dates on the Series A Preferred Stock are January 31, April 30, July 31 and October 31 of each year. During each of the six-month periods ended June 30, 2022 and 2021, the Company paid preferred dividends of $2,911. Common Stock The Company has 500,000 authorized shares of common stock, $0.001 par value. As of June 30, 2022 and December 31, 2021, there were 65,518 and 64,880 outstanding shares of common stock, respectively. Common stock dividend activity for the six months ended June 30, 2022 is summarized in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Applicable ​ Dividend Dividends Date Announced ​ Record Date ​ Quarter ​ Payment Date ​ Amount (1) ​ per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 10, 2021 December 27, 2021 Q4 2021 January 10, 2022 ​ $ 14,055 ​ $ 0.205 March 11, 2022 March 25, 2022 Q1 2022 April 8, 2022 ​ $ 14,611 ​ $ 0.21 June 10, 2022 June 24, 2022 Q2 2022 July 8, 2022 ​ $ 14,642 ​ $ 0.21 (1) Includes distributions on outstanding LTIP Units and OP Units. During the six months ended June 30, 2022 and 2021, the Company paid total dividends on its common stock, LTIP Units and OP Units in the aggregate amount of $29,136 and $24,575, respectively. As of June 30, 2022 and December 31, 2021, the Company had accrued dividend balances of $314 and $643 for dividends payable on the aggregate annual and long-term LTIP Units that are subject to retroactive receipt of dividends on the amount of LTIP Units ultimately earned. During the six months ended June 30, 2022, $141 of dividends were accrued and $470 of dividends were paid related to these units. During the six months ended June 30, 2021, $132 of dividends were accrued and $742 of dividends were paid related to these units. The amount of the dividends paid to the Company’s stockholders is determined by the Board and is dependent on a number of factors, including funds available for payment of dividends, the Company’s financial condition and capital expenditure requirements except that, in accordance with the Company’s organizational documents and Maryland law, the Company may not make dividend distributions that would: (i) cause it to be unable to pay its debts as they become due in the usual course of business; (ii) cause its total assets to be less than the sum of its total liabilities plus senior liquidation preferences; or (iii) jeopardize its ability to maintain its qualification as a REIT. Capital Raising Activity During the six months ended June 30, 2022, the Company generated net proceeds of $10,104 through equity issuances of 598 shares of the Company’s common stock at an average offering price of $17.15 per share. OP Units During the six months ended June 30, 2022, one OP Unit holder redeemed 35 OP Units for shares of the Company’s common stock with an aggregate redemption value of $600. During the year ended December 31, 2021, three OP Unit holders redeemed an aggregate of 62 OP Units for shares of the Company’s common stock with an aggregate redemption value of $919. As of June 30, 2022 and December 31, 2021, there were 1,667 and 1,702 OP Units issued outstanding

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions
Related Party Transactions	Note 6 – Related Party Transactions Related Party Balances The due from related parties balance as of June 30, 2022 and December 31, 2021 was $337 and $163, respectively. These balances primarily consist of taxes paid on behalf of LTIP Unit and OP Unit holders that are reimbursable to the Company. The Company had no amounts due to related parties as of June 30, 2022 and December 31, 2021. ​

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Stock-Based Compensation
Stock-Based Compensation	Note 7 – Stock-Based Compensation 2016 Equity Incentive Plan The 2016 Equity Incentive Plan, as amended (the “Plan”), is intended to assist the Company and its affiliates in recruiting and retaining employees of the Company, members of the Board, executive officers of the Company, and individuals who provide services to the Company and its affiliates. The Plan is intended to permit the grant of both qualifying and non-qualified options and the grant of stock appreciation rights, restricted stock, unrestricted stock, awards of restricted stock units, performance awards and other equity-based awards (including LTIP Units). On May 26, 2021, the Company’s stockholders approved an amendment to the Plan to increase the number of authorized shares available for issuance under the Plan by 1,500 shares. Based on the grants outstanding as of June 30, 2022, there were 1,108 shares of common stock that remain available to be granted under the Plan. Units subject to awards under the Plan that are forfeited, cancelled, lapsed, or otherwise expired (excluding shares withheld to satisfy exercise prices or tax withholding obligations) are available for grant. Time-Based Grants During the six months ended June 30, 2022, pursuant to the recommendation of the Compensation Committee of the Board (the “Compensation Committee”), the Board approved the following LTIP Unit activity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ Date ​ Description ​ Units Issued ​ Vesting Dates ​ ​ ​ ​ ​ ​ ​ March 4, 2022 ​ Final awards under the 2019 Long-Term Incentive Plan ​ 163 ​ 50% on March 4, 2022; and ​ ​ ​ ​ ​ ​ 50% on March 4, 2023 ​ ​ ​ ​ ​ ​ ​ February 24, 2022 ​ Final awards under the 2021 Annual Incentive Plan ​ 91 ​ 50% on February 24, 2022; and ​ ​ ​ ​ ​ ​ 50% on February 24, 2023 ​ ​ ​ ​ ​ ​ ​ February 24, 2022 ​ Time-based awards under the 2022 Long-Term Incentive Plan ​ 75 ​ 100% on February 24, 2025 ​ ​ ​ ​ ​ ​ ​ May 11, 2022 ​ Annual awards to independent directors ​ 32 ​ 100% on May 11, 2023 ​ ​ ​ ​ ​ Vested units 1,862 Unvested units 677 LTIP Units outstanding as of June 30, 2022 2,539 ​ Performance Based Awards The Board has approved annual performance-based LTIP awards (“Annual Awards”) and long-term performance-based LTIP awards (“Long-Term Awards”) to the executive officers and other employees of the Company. As described below, the Annual Awards have one-year performance periods and the Long-Term Awards have three-year performance periods. In addition to meeting specified performance metrics, vesting in both the Annual Awards and the Long-Term Awards is subject to service requirements. A detail of the Company’s Long-Term Awards under the 2020 and 2021 programs, and the Annual Awards and Long-Term Awards under the 2022 program as of June 30, 2022 is as follows: ​ ​ ​ ​ 2020 Long-Term Awards 68 2021 Long-Term Awards 74 2022 Annual Awards (1) 89 2022 Long-Term Awards (2) 106 Total target performance awards as of June 30, 2022 337 (1) Approved by the Board on February 24, 2022. The number of target LTIP Units was based on the average closing price of the Company’s common stock reported on the New York Stock Exchange (“NYSE”) over the 15 trading days preceding the grant date. (2) Approved by the Board on February 24, 2022. The number of target LTIP Units was based on the fair value of the Long-Term Awards as determined by an independent valuation consultant. Annual Awards The Compensation Committee and Board established performance goals for the year ending December 31, 2022, as set forth in the 2022 LTIP Annual Award Agreements (the “Performance Goals”) that will be used to determine the number of LTIP Units earned by each grantee. As of June 30, 2022, management estimated that the Performance Goals would be met at a 100% level and, accordingly, cumulative stock-based compensation expense during the three and six months ended June 30, 2022 reflects management’s estimate that 100% of these awards will be earned. As soon as reasonably practicable following the first anniversary of the Annual Awards grant date, the Compensation Committee and Board will determine the extent to which the Company has achieved each of the Performance Goals (expressed as a percentage) and, based on such determination, will calculate the number of LTIP Units that each grantee is entitled to receive. Each grantee may earn up to 150% of the number of his/her target LTIP Units. Any 2022 Annual Award LTIP Units that are not earned will be forfeited and cancelled. Vesting. Distributions. Long-Term Awards. Vesting. Distributions. and will be paid with respect to all of the earned LTIP Units at the conclusion of the applicable performance period, in cash or by the issuance of additional LTIP Units at the discretion of the Compensation Committee. Stock-Based Compensation Expense The Company’s prospective compensation expense for all unvested LTIP Units, Annual Awards, and Long-Term Awards is recognized using the adoption date fair value of the awards, with no remeasurement required. Compensation expense for future LTIP Unit grants, Annual Awards, and Long-Term Awards is based on the grant date fair value of the units/awards, with no subsequent remeasurement required. As the Long-Term Awards involve market-based performance conditions, the Company utilizes a Monte Carlo simulation to provide a grant date fair value for expense recognition. The Monte Carlo simulation is a generally accepted statistical technique used, in this instance, to simulate a range of possible future stock prices for the Company and the members of the Index over the Performance Periods. The purpose of this modeling is to use a probabilistic approach for estimating the fair value of the performance share award. The assumptions used in the Monte Carlo simulation include beginning average stock price, valuation date stock price, expected volatilities, correlation coefficients, risk-free rate of interest, and expected dividend yield. The beginning average stock price is the beginning average stock price for the Company and each member of the Index for the 15 trading days leading up to the grant date of the Long-Term Award. The valuation date stock price is the closing stock price of the Company and each of the peer companies in the Index on the grant dates of the Long-Term Awards. The expected volatilities are modeled using the historical volatilities for the Company and the members of the Index. The correlation coefficients are calculated using the same data as the historical volatilities. The risk-free rate of interest is taken from the U.S. Treasury website and relates to the expected life of the remaining performance period on valuation or revaluation. Lastly, the dividend yield assumption is 0.0%, which is mathematically equivalent to reinvesting dividends in the issuing entity, which is part of the Company’s award agreement assumptions. Below are details regarding certain of the assumptions for the Long-Term Awards using Monte Carlo simulations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Long-Term ​ 2021 Long-Term ​ 2020 Long-Term ​ ​ Awards Awards Awards ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value ​ $ 16.39 ​ $ 14.86 ​ $ 13.47 Target awards ​ 106 ​ 76 ​ 70 Volatility ​ 41.65 % 42.37 % 28.75 % Risk-free rate ​ 1.72 % 0.26 % 0.72 % Dividend assumption ​ reinvested ​ reinvested ​ reinvested Expected term in years ​ 3 ​ 3 ​ 3 ​ The Company incurred stock compensation expense of $1,289 and $2,576 for the three and six months ended June 30, 2022, respectively, and $1,612 and $3,327 for the three and six months ended June 30, 2021, respectively, related to the grants awarded under the Plan. Compensation expense is included within “General and Administrative” expense in the Company’s Condensed Consolidated Statements of Operations. As of June 30, 2022, total unamortized compensation expense related to these awards of approximately $6.9 million is expected to be recognized over a weighted average remaining period of 1.9 years.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases
Leases	Note 8 – Leases The Company operates as both a lessor and a lessee. As a lessor, the Company is required under ASC Topic 842 to account for leases using an approach that is substantially similar to ASC Topic 840’s guidance for operating leases and other leases such as sales-type leases and direct financing leases. In addition, ASC Topic 842 requires lessors to capitalize and amortize only incremental direct leasing costs. As a lessee, the Company is required under the new standard to apply a dual approach, classifying leases, such as ground leases, as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase. This classification determines whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. ASC Topic 842 also requires lessees to record a right of use asset and a lease liability for all leases with an initial term of greater than a year regardless of their classification. The Company has also elected the practical expedient not to recognize right of use assets and lease liabilities for leases with a term of a year or less. Information as Lessor To generate positive cash flow, as a lessor, the Company leases its facilities to tenants in exchange for fixed monthly payments that cover rent, property taxes, insurance and certain cost recoveries, primarily common area maintenance (“CAM”). The Company’s leases were determined to be operating leases and have a portfolio-average-lease-years remaining of approximately 10 years. Payments from the Company’s tenants for CAM are considered nonlease components that are separated from lease components and are generally accounted for in accordance with the revenue recognition standard. However, the Company qualified for and elected the practical expedient related to combining the components because the lease component is classified as an operating lease and the timing and pattern of transfer of CAM income, which is not the predominant component, is the same as the lease component, for all asset classes. As such, consideration for CAM is accounted for as part of the overall consideration in the lease. Payments from customers for property taxes and insurance are considered non-components of the lease and therefore no consideration is allocated to them because they do not transfer a good or service to the customer. Fixed contractual payments from the Company’s leases are recognized on a straight-line basis over the terms of the respective leases. This means that, with respect to a particular lease, actual amounts billed in accordance with the lease during any given period may be higher or lower than the amount of rental revenue recognized for the period. Straight-line rental revenue is commenced when the tenant assumes control of the leased premises. Accrued straight-line rents receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with lease agreements. Some of the Company’s leases are subject to annual changes in the Consumer Price Index (“CPI”). Although increases in CPI are not estimated as part of the Company’s measurement of straight-line rental revenue, for leases with base rent increases based on CPI, the amount of rent revenue recognized is adjusted in the period the changes in CPI are measured and effective. Additionally, some of the Company’s leases have extension options. Initial direct costs, primarily commissions, related to the leasing of our facilities are capitalized when material as incurred. Capitalized leasing costs are amortized on a straight-line basis over the remaining useful life of the respective leases. All other costs to negotiate or arrange a lease are expensed as incurred. Lease-related receivables, which include accounts receivable and accrued straight-line rents receivable, are reduced for credit losses, if applicable. The Company regularly evaluates the collectability of its lease-related receivables. The Company’s evaluation of collectability primarily consists of reviewing past due account balances and considering such factors as the credit quality of our tenant, historical trends of the tenant and changes in tenant payment terms. If the Company’s assumptions regarding the collectability of lease-related receivables prove incorrect, the Company could experience credit losses in excess of what was recognized in rental and other revenues. The Company recognized $33,679 and $65,530 of rental revenue related to operating lease payments for the three and six months ended June 30, 2022, respectively, and $28,200 and $55,525 of rental revenue related to operating lease payments for the three and six months ended June 30, 2021, respectively. Of these amounts, $1,920 and $3,867 relate to variable rental revenue for the three and six months ended June 30, 2022, respectively, and $1,534 and 2,908 relate to variable rental revenue for the three and six months ended June 30, 2021, respectively. ​ The aggregate annual cash to be received by the Company on the noncancelable operating leases related to its portfolio as of June 30, 2022 is as follows for the subsequent years ended December 31: ​ ​ ​ ​ ​ 2022 (six months remaining) $ 57,922 2023 113,117 2024 ​ 102,977 2025 ​ 89,388 2026 ​ 80,995 Thereafter ​ 384,899 Total ​ $ 829,298 ​ Information as Lessee The Company has seven buildings located on land that is subject to operating ground leases with a weighted average remaining term of approximately 40 years. Rental payments on these leases are adjusted periodically based on either the CPI or on a pre-determined schedule. The monthly payments on a pre-determined schedule are recognized on a straight-line basis over the terms of the respective leases. Changes in the CPI are not estimated as part of our measurement of straight-line rental expense. The Company used a weighted average discount rate of approximately 7.5%, which was derived, using a portfolio approach, from our assessment of the credit quality of the Company and adjusted to reflect secured borrowing, estimated yield curves and long-term spread adjustments over appropriate tenors. Some of the Company’s ground leases contain extension options and, where we determined it was reasonably certain that an extension would occur, they were included in our calculation of the right of use asset and liability. The Company recognized approximately $55 and $110 of ground lease expense during the three and six months ended June 30, 2022, respectively, of which $44 and $72 was paid in cash. The Company recognized approximately $39 and $75 of ground lease expense during the three and six months ended June 30, 2021, respectively, of which $31 and $61 was paid in cash. The following table sets forth the undiscounted cash flows of our scheduled obligations for future lease payments on operating ground leases at June 30, 2022, and a reconciliation of those cash flows to the operating lease liability at June 30, 2022: ​ ​ ​ ​ ​ 2022 (six months remaining) $ 221 2023 206 2024 ​ 162 2025 ​ 163 2026 ​ 165 Thereafter ​ 6,041 Total ​ ​ 6,958 Discount ​ (3,846) Lease liability ​ $ 3,112 ​ ​ Tenant Concentration ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies
Commitments and Contingencies	Note 9 – Commitments and Contingencies Litigation The Company is not presently subject to any material litigation nor, to its knowledge, is any material litigation threatened against the Company, which if determined unfavorably to the Company, would have a material adverse effect on the Company’s financial position, results of operations, or cash flows. Environmental Matters The Company follows a policy of monitoring its properties for the presence of hazardous or toxic substances. While there can be no assurance that a material environmental liability does not exist at its properties, the Company is not currently aware of any environmental liability with respect to its properties that would have a material effect on its financial position, results of operations, or cash flows. Additionally, the Company is not aware of any material environmental liability or any unasserted claim or assessment with respect to an environmental liability that management believes would require additional disclosure or the recording of a loss contingency.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events
Subsequent Events	​ Note 10 – Subsequent Events Closing of Amended Credit Facility ​ On August 1, 2022, the Company entered into an amendment to the Credit Facility (the “Amendment”), that, among other things: ​ ● Added a new $150 million delayed-draw term loan, which matures on February 1, 2028 (the “New Term Loan”); ​ ● Extended the maturity date of the Revolver from May 2025 to August 2026; and ​ ● Transitioned all LIBOR-based loans under the Credit Facility to SOFR-based loans. ​ Loans based on LIBOR-based interest rates were transitioned to a SOFR-based interest rate equal to term SOFR plus a related spread adjustment of 10 basis points and a borrowing spread based on the current pricing grid in the Credit Facility. The interest rate on the New Term Loan is also equal to term SOFR plus a related spread adjustment of 10 basis points and a borrowing spread based on the current pricing grid in the Credit Facility. The Company may be entitled to a temporary reduction in the interest rate of two basis points provided it meets certain to be agreed upon sustainability goals. The accordion feature contained in the Credit Facility remains unchanged at $500 million. ​ ​ Completed Disposition of a Property ​ In July 2022, the Company sold a medical office building located in Germantown, Tennessee receiving gross proceeds of $17.9 million, resulting in an estimated gain of $6.8 million. As of June 30, 2022, the transaction did not meet the criteria to be classified as held for sale.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Summary of Significant Accounting Policies
Basis of presentation	Basis of presentation The accompanying condensed consolidated financial statements are unaudited and include the accounts of the Company, including the Operating Partnership and its wholly owned subsidiaries. The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures required for annual consolidated financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the accompanying condensed consolidated financial statements do not include all the information and footnotes required by GAAP for complete consolidated financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2021. In the opinion of management, all adjustments of a normal and recurring nature necessary for a fair presentation of the condensed consolidated financial statements for the interim periods have been made.
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. The Company presents the portion of any equity it does not own but controls (and thus consolidates) as noncontrolling interest. Noncontrolling interest in the Company includes the LTIP Units that have been granted to directors, officers and employees of the Company and the OP Units held by third parties. Refer to Note 5 – “Equity” and Note 7 – “Stock-Based Compensation” for additional information regarding the OP Units and LTIP Units. The Company classifies noncontrolling interest as a component of consolidated equity on its Condensed Consolidated Balance Sheets, separate from the Company’s total equity. The Company’s net income or loss is allocated to noncontrolling interests based on the respective ownership or voting percentage in the Operating Partnership associated with such noncontrolling interests and is removed from consolidated income or loss on the Condensed Consolidated Statements of Operations in order to derive net income or loss attributable to common stockholders. The noncontrolling ownership percentage is calculated by dividing the aggregate number of LTIP Units and OP Units by the total number of units and shares outstanding. Any future issuances of additional LTIP Units or OP Units would change the noncontrolling ownership interest.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and footnotes. Actual results could differ from those estimates.
Investment in Real Estate	Investment in Real Estate The Company determines when an acquisition meets the definition of a business or alternatively should be accounted for as an asset acquisition in accordance with Accounting Standard Codification (“ASC”) Topic 805 “Business Combinations” (“ASC Topic 805”), which requires that, when substantially all of the fair value of an acquisition is concentrated in a single identifiable asset or a group of similar identifiable assets, the asset or group of similar identifiable assets does not meet the definition of a business and therefore is required to be accounted for as an asset acquisition. Transaction costs are capitalized for asset acquisitions and expensed as incurred for business combinations. All our facility acquisitions for the six months ended June 30, 2022 and 2021 have been accounted for as asset acquisitions because substantially all the fair value of the gross assets the Company acquired were concentrated in a single asset or group of similar identifiable assets. For asset acquisitions that are “owner occupied” (meaning that the seller either is the tenant or controls the tenant), the purchase price, including capitalized acquisition costs, will be allocated to land and building based on their relative fair values with no value allocated to intangible assets or liabilities. For asset acquisitions where there is a lease in place but that are not “owner occupied,” the Company will allocate the purchase price to tangible assets and any intangible assets acquired or liabilities assumed based on their relative fair values. Fair value is determined based upon the guidance of ASC Topic 820, “Fair Value Measurements and Disclosures,” and generally are determined using Level 2 inputs, such as rent comparables, sales comparables, and broker indications. Although Level 3 inputs are utilized, they are minor in comparison to the Level 2 data used for the primary assumptions. The determination of fair value involves the use of significant judgment and estimates. We make estimates to determine the fair value of the tangible and intangible assets acquired and liabilities assumed using information obtained from multiple sources, including preacquisition due diligence, and we routinely utilize the assistance of a third-party appraiser.
Revenue Recognition	Revenue Recognition The Company’s operations primarily consist of rental revenue earned from tenants under leasing arrangements which provide for minimum rent and escalations. The leases have been accounted for as operating leases. For operating leases with contingent rental escalators, revenue is recorded based on the contractual cash rental payments due during the period. Revenue from leases with fixed annual rental escalators are recognized on a straight-line basis over the initial lease term, subject to a collectability assessment, with the difference between the contractual rental receipts and the straight-line amounts recorded as a “deferred rent receivable.” Additionally, the Company recognizes as a component of rental revenue “expense recoveries” revenue, which represents revenue recognized related to tenant reimbursement of real estate taxes, insurance, and certain other operating expenses (“tenant reimbursements”). The Company recognizes these reimbursements and related expenses on a gross basis in its Condensed Consolidated Statements of Operations.
Assets Held for Sale and Sales of Real Estate	Assets Held for Sale and Sales of Real Estate The Company classifies a property as held for sale when the following criteria are met: (i) management, having the authority to approve action, commits to a plan to sell the property in its present condition, (ii) the sale of the property is at a price reasonable in relation to its current fair value and (iii) the sale is probable and expected to be completed within one year. At that time, the Company presents the assets and obligations associated with the real estate held for sale separately in its Condensed Consolidated Balance Sheets and ceases recording depreciation and amortization expense related to that asset. Real estate held for sale is reported at the lower of its carrying amount or its estimated fair value less estimated costs to sell. None of the Company’s properties were classified as held for sale as of June 30, 2022 or December 31, 2021. Upon the disposition of a property, the Company recognizes a gain or loss at a point in time when the Company determines control of the underlying asset has been transferred to the buyer. The Company’s performance obligation is generally satisfied at the closing of the transaction. Any continuing involvement is analyzed as a separate performance obligation in the contract, and a portion of the sales price is allocated to each performance obligation. There is significant judgment applied to estimate the amount of any variable consideration identified within the sales price and assess its probability of occurrence based on current market information, historical transactions, and forecasted information that is reasonably available. For sales of real estate (or assets classified as held for sale), the Company evaluates whether the disposition is a strategic shift that will have a major effect on the Company’s operations and financial results, and, if so, it will be classified as discontinued operations in the Company’s consolidated financial statements for all periods presented.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash The Company considers all demand deposits, cashier’s checks, money market accounts, and certificates of deposit with a maturity of three months or less to be cash equivalents. Amounts included in restricted cash represent (1) certain security deposits received from tenants at the inception of their leases; (2) cash required to be held by a third-party lender as a reserve for debt service; and (3) funds held by the Company related to tenant reimbursements. The following table provides a reconciliation of the Company’s cash and cash equivalents and restricted cash that sums to the total of those amounts at the end of the periods presented on the Company’s accompanying Condensed Consolidated Statements of Cash Flows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, ​ 2022 2021 Cash and cash equivalents $ 5,873 $ 5,821 Restricted cash ​ ​ 8,327 ​ ​ 6,549 Total cash and cash equivalents and restricted cash $ 14,200 $ 12,370
Tenant Receivables, Net	Tenant Receivables, Net The tenant receivable balance as of June 30, 2022 and December 31, 2021 was $6,189 and $6,070, respectively. The balance as of June 30, 2022 consisted of $1,143 in funds owed from the Company’s tenants for rent that the Company had earned but had not yet received, $1,149 of loans that were made to two of the Company’s tenants, and $3,897 of tenant reimbursements. The balance as of December 31, 2021 consisted of $1,309 in funds owed from the Company’s tenants for rent that the Company had earned but had not yet received, $1,158 of loans that were made to two of the Company’s tenants, and $3,603 of tenant reimbursements. Receivables arising from operating leases are accounted for in accordance with ASC Topic 842 “Leases” (“ASC Topic 842”). The Company assesses the likelihood of losses resulting from tenant defaults, or the inability of tenants to make contractual rent and tenant reimbursements at each reporting date. The Company also monitors the liquidity and creditworthiness of its tenants and operators on a continuous basis. If the likelihood of a tenant paying its lease payments is determined to no longer be probable, all tenant receivables, including deferred rent, are written off against revenue and any future revenue for that tenant is recognized only upon receipt of cash. In addition, as of June 30, 2022 and December 31, 2021, the Company had a portfolio level reserve of $350 on those leases that were probable of collection to ensure that the tenant lease receivables were not overstated.
Escrow Deposits	Escrow Deposits The escrow balance as of June 30, 2022 and December 31, 2021 was $7,708 and $5,957, respectively. Escrow deposits include funds held in escrow to be used for the acquisition of properties in the future and for the payment of taxes, insurance, and other amounts as stipulated by the Company’s Cantor Loan, as hereinafter defined.
Deferred Assets	Deferred Assets The deferred assets balance as of June 30, 2022 and December 31, 2021 was $27,731 and $25,417, respectively. The balance as of June 30, 2022 consisted of $27,583 in deferred rent receivables resulting from the recognition of revenue from leases with fixed annual rental escalations on a straight-line basis and $148 of other deferred costs. The balance as of December 31, 2021 consisted of $25,356 in deferred rent receivables resulting from the recognition of revenue from leases with fixed annual rental escalations on a straight-line basis and $61 of other deferred costs.
Other Assets	Other Assets The other assets balance as of June 30, 2022 and December 31, 2021 was $6,056 and $6,232, respectively. The balance as of June 30, 2022 consisted of $3,647 for right of use assets, $741 in preacquisition and other capitalized costs related to our properties, $1,474 in prepaid assets, and $194 for net capitalized software costs and miscellaneous assets. The balance as of December 31, 2021 consisted of $3,809 for right of use assets, $257 in preacquisition and other capitalized costs related to our properties, $1,916 in prepaid assets, and $250 for net capitalized software costs and miscellaneous assets. Refer to Note 8 – “Leases” for additional details on right of use assets.
Derivative Instruments - Interest Rate Swaps	Derivative Instruments - Interest Rate Swaps As of June 30, 2022 and December 31, 2021, the Company's balance related to interest rate swap derivative instruments that were designated as cash flow hedges of interest rate risk was an asset of $16,583 and a net liability of $6,554, respectively. In accordance with the Company’s risk management strategy, the purpose of the interest rate swaps is to manage interest rate risk for certain of the Company’s variable-rate debt. The interest rate swaps involve the Company’s receipt of variable-rate amounts from the counterparties in exchange for the Company making fixed-rate payments over the life of the agreements. The Company accounts for derivative instruments in accordance with the provisions of ASC Topic 815, “Derivatives and Hedging.” Refer to Note 4 – “Credit Facility, Notes Payable and Derivative Instruments” for additional details.
Other Liabilities	Other Liabilities The other liabilities balance as of June 30, 2022 and December 31, 2021 was $7,428 and $7,709, respectively. The balance as of June 30, 2022 consisted of $3,112 for right of use liabilities and $4,316 of prepaid rent. The balance as of December 31, 2021 consisted of $4,479 for right of use liabilities and $3,230 of prepaid rent. Refer to Note 8 – “Leases” for additional details on right of use liabilities.
Goodwill	Goodwill ​ As of June 30, 2022 and December 31, 2021, the Company’s goodwill balance was $5,903. Goodwill represents the excess of consideration paid over the fair value of underlying identifiable net assets of businesses acquired. Goodwill has an indefinite life and is not amortized, but is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company’s policy is to perform its annual goodwill impairment evaluation as of the first day of the fourth quarter of its fiscal year. The Company has one reporting unit.
Recent Accounting Pronouncements	Recent Accounting Pronouncements ​ Reference Rate Reform Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848) (“ASU 2020-04”) contains practical expedients for reference rate reform-related activities that impact debt, leases, derivatives, and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. As of June 30, 2022, the Company had elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Summary of Significant Accounting Policies
Schedule of cash and cash equivalents and restricted cash	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, ​ 2022 2021 Cash and cash equivalents $ 5,873 $ 5,821 Restricted cash ​ ​ 8,327 ​ ​ 6,549 Total cash and cash equivalents and restricted cash $ 14,200 $ 12,370

Property Portfolio (Tables)

Property Portfolio (Tables)	6 Months Ended
	Jun. 30, 2022
Property Portfolio
Schedule of Properties Acquired	A rollforward of the gross investment in land, building, improvements, and acquired lease intangible assets as of June 30, 2022 resulting from these acquisitions is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Site Tenant Acquired Lease Gross Investment in ​ Land Building Improvements Improvements Intangible Assets Real Estate Balances as of December 31, 2021 ​ $ 152,060 ​ $ 985,091 ​ $ 19,021 ​ $ 58,900 ​ $ 127,931 ​ $ 1,343,003 Facility Acquired – Date Acquired: ​ ​ ​ ​ ​ ​ Gainesville – 2/4/22 ​ ​ 555 ​ ​ 3,899 ​ ​ 76 ​ ​ 199 ​ ​ 575 ​ ​ 5,304 Grand Rapids – 2/28/22 ​ ​ 1,238 ​ ​ 4,976 ​ ​ 221 ​ ​ 270 ​ ​ 595 ​ ​ 7,300 Sarasota – 3/29/22 ​ ​ 747 ​ ​ 3,703 ​ ​ 84 ​ ​ 331 ​ ​ 1,263 ​ ​ 6,128 Greenwood – 3/30/22 ​ ​ 929 ​ ​ 4,332 ​ ​ 194 ​ ​ 360 ​ ​ 426 ​ ​ 6,241 Fairbanks – 4/1/22 ​ ​ 1,782 ​ ​ 12,262 ​ ​ 215 ​ ​ 753 ​ ​ 7,946 ​ ​ 22,958 Rocky Point – 4/8/22 ​ ​ 613 ​ ​ 6,243 ​ ​ 223 ​ ​ 317 ​ ​ 589 ​ ​ 7,985 Fairfax – 5/11/22 ​ ​ 4,012 ​ ​ 13,238 ​ ​ 399 ​ ​ 310 ​ ​ 3,304 ​ ​ 21,263 Lee's Summit – 5/19/22 ​ ​ 1,349 ​ ​ 4,101 ​ ​ 83 ​ ​ 410 ​ ​ 674 ​ ​ 6,617 Lexington – 5/27/22 ​ ​ 1,760 ​ ​ 11,350 ​ ​ 289 ​ ​ 556 ​ ​ 3,036 ​ ​ 16,991 Capitalized costs (1) ​ ​ — ​ ​ 681 ​ ​ — ​ ​ 94 ​ ​ — ​ ​ 775 Total Additions: ​ 12,985 ​ 64,785 ​ 1,784 ​ 3,600 ​ 18,408 ​ 101,562 Balances as of June 30, 2022 ​ $ 165,045 ​ $ 1,049,876 ​ $ 20,805 ​ $ 62,500 ​ $ 146,339 ​ $ 1,444,565 (1) A rollforward of the gross investment in land, building, improvements, and acquired lease intangible assets as of December 31, 2021 resulting from these acquisitions is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Site Tenant Acquired Lease Gross Investment in ​ Land Building Improvements Improvements Intangible Assets Real Estate Balances as of December 31, 2020 ​ $ 128,857 ​ $ 851,427 ​ $ 15,183 ​ $ 49,204 ​ $ 98,234 ​ $ 1,142,905 Facility Acquired – Date Acquired: ​ ​ ​ ​ ​ ​ El Paso – 1/12/21 ​ 899 ​ ​ 7,549 ​ ​ 71 ​ ​ 160 ​ ​ 1,338 ​ 10,017 Syracuse – 1/15/21 ​ 616 ​ ​ 4,745 ​ ​ 128 ​ ​ 136 ​ ​ 772 ​ 6,397 West El Paso – 1/15/21 ​ 851 ​ ​ 7,160 ​ ​ 144 ​ ​ 567 ​ ​ 856 ​ 9,578 Fort Worth – 3/9/21 ​ 1,817 ​ ​ 13,020 ​ ​ 143 ​ ​ 395 ​ ​ 2,069 ​ 17,444 Port St. Lucie – 4/6/21 ​ 590 ​ ​ 3,583 ​ ​ 70 ​ ​ 185 ​ ​ 359 ​ 4,787 Cape Coral and Fort Myers – 4/13/21 ​ 5,623 ​ ​ 20,155 ​ ​ 480 ​ ​ 1,132 ​ ​ 4,311 ​ 31,701 Dallas – 4/16/21 ​ 3,101 ​ ​ 2,593 ​ ​ 63 ​ ​ 469 ​ ​ 493 ​ 6,719 East Grand Forks – 4/19/21 ​ 845 ​ ​ 6,248 ​ ​ 278 ​ ​ 815 ​ ​ 2,092 ​ 10,278 Coos Bay – 4/21/21 ​ 861 ​ ​ 5,095 ​ ​ 56 ​ ​ 50 ​ ​ 410 ​ 6,472 Caledonia – 6/2/21 ​ 582 ​ ​ 2,669 ​ ​ 66 ​ ​ 96 ​ ​ 497 ​ 3,910 Tallahassee – 6/2/21 ​ 782 ​ ​ 6,720 ​ ​ 137 ​ ​ 387 ​ ​ 1,218 ​ 9,244 Forsyth – 7/28/21 ​ 1,554 ​ ​ 9,627 ​ ​ 348 ​ ​ 456 ​ ​ 7,439 ​ 19,424 North Charleston – 7/29/21 ​ 927 ​ ​ 4,248 ​ ​ 106 ​ ​ 801 ​ ​ 1,098 ​ 7,180 Munster – 9/15/21 ​ 780 ​ ​ 4,451 ​ ​ 161 ​ ​ 391 ​ ​ 953 ​ 6,736 Hialeah – 9/30/21 ​ — ​ ​ 9,633 ​ ​ 264 ​ ​ 716 ​ ​ 1,231 ​ 11,844 Athens – 9/30/21 ​ 564 ​ ​ 4,106 ​ ​ 58 ​ ​ 63 ​ ​ 548 ​ 5,339 Lemoyne – 12/3/21 ​ 299 ​ ​ 3,661 ​ ​ 113 ​ ​ 359 ​ ​ 904 ​ 5,336 Athens 200 – 12/13/21 ​ 327 ​ ​ 1,336 ​ ​ 42 ​ ​ 134 ​ ​ 204 ​ 2,043 Mentor – 12/16/21 ​ 2,249 ​ ​ 6,291 ​ ​ 354 ​ ​ 253 ​ ​ 1,322 ​ 10,469 Oklahoma City – 12/20/21 ​ 727 ​ ​ 5,839 ​ ​ 261 ​ ​ 495 ​ ​ 1,583 ​ 8,905 Capitalized costs (1) ​ — ​ ​ 8,756 (2) ​ 495 ​ ​ 1,636 ​ ​ — ​ 10,887 Total Additions: ​ 23,994 ​ 137,485 ​ 3,838 ​ 9,696 ​ 29,697 ​ 204,710 Disposition of Prescott – 10/13/21 ​ (791) ​ ​ (3,821) ​ ​ — ​ ​ — ​ ​ — ​ (4,612) Balances as of December 31, 2021 ​ $ 152,060 ​ $ 985,091 ​ $ 19,021 ​ $ 58,900 ​ $ 127,931 ​ $ 1,343,003 (1) Represents capital projects that were completed and placed in service during the year ended December 31, 2021 related to the Company’s existing facilities. (2) During the year ended December 31, 2021, the Company completed and funded a $6,814 expansion at its Oklahoma City facility that was acquired in April 2019 with Mercy Rehabilitation Hospital as the tenant.
Summary of Carrying amount of intangible assets and liabilities	The following is a summary of the carrying amount of lease intangible assets and liabilities as of the dates presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2022 ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ Cost Amortization Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ In-place leases ​ $ 79,661 ​ $ (29,172) ​ $ 50,489 Above market leases ​ 28,061 ​ (7,998) ​ 20,063 Leasing costs ​ 38,617 ​ (12,538) ​ 26,079 ​ ​ $ 146,339 ​ $ (49,708) ​ $ 96,631 Liability ​ ​ ​ ​ ​ ​ ​ ​ ​ Below market leases ​ $ 12,694 ​ $ (4,791) ​ $ 7,903 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ ​ ​ Accumulated ​ ​ ​ ​ Cost ​ Amortization ​ Net Assets ​ ​ ​ In-place leases ​ $ 70,527 ​ $ (23,638) ​ $ 46,889 Above market leases ​ 22,615 ​ (6,407) ​ 16,208 Leasing costs ​ 34,789 ​ (10,201) ​ 24,588 ​ ​ $ 127,931 ​ $ (40,246) ​ $ 87,685 Liability ​ ​ ​ ​ ​ ​ Below market leases ​ $ 11,842 ​ $ (3,714) ​ $ 8,128
Summary of the acquired lease intangible amortization	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ ​ June 30, ​ June 30, ​ ​ 2022 2021 2022 2021 Amortization expense related to in-place leases ​ $ 2,895 ​ $ 2,168 ​ $ 5,534 ​ $ 4,258 ​ Amortization expense related to leasing costs ​ $ 1,221 ​ $ 945 ​ $ 2,337 ​ $ 1,839 ​ Decrease in rental revenue related to above market leases ​ $ 866 ​ $ 542 ​ $ 1,591 ​ $ 1,033 ​ Increase in rental revenue related to below market leases ​ $ 551 ​ $ 457 ​ $ 1,077 ​ $ 888 ​
Schedule of net amortization acquired lease intangible assets and liabilities	As of June 30, 2022, scheduled future aggregate net amortization of the acquired lease intangible assets and liabilities for each year ended December 31 is listed below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Decrease ​ Net Increase ​ ​ in Revenue ​ in Expenses 2022 (six months remaining) ​ $ (742) ​ $ 8,366 2023 ​ (1,515) ​ 15,823 2024 ​ (1,356) ​ 13,693 2025 ​ (1,745) ​ 10,219 2026 ​ (1,822) ​ 8,500 Thereafter ​ (4,980) ​ 19,967 Total ​ $ (12,160) ​ $ 76,568

Credit Facility, Notes Payabl_2

Credit Facility, Notes Payable and Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Payable and Revolving Credit Facility
Schedule of Outstanding borrowings	As of June 30, 2022 and December 31, 2021, the Company had the following outstanding borrowings under the Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 December 31, 2021 Revolver ​ $ 260,100 ​ $ 172,600 Term Loan ​ 350,000 ​ 350,000 Less: Unamortized debt issuance costs ​ (7,113) ​ (8,033) Credit Facility, net ​ $ 602,987 ​ $ 514,567 ​
Schedule of Aggregate balances of loans payable	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 December 31, 2021 Notes payable ​ $ 57,217 ​ $ 57,769 Unamortized debt issuance costs ​ (530) ​ (607) Notes payable, net ​ $ 56,687 ​ $ 57,162
Schedule of Comprehensive Income (Loss)	The table below details the components of the amounts presented on the accompanying Condensed Consolidated Statements of Comprehensive Income recognized on the Company’s interest rate swaps designated as cash flow hedges for the three and six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of (gain) loss recognized in other comprehensive income ​ $ (4,757) ​ $ 786 ​ $ (20,634) ​ $ (1,296) Amount of loss reclassified from accumulated other comprehensive income (loss) into interest expense ​ (1,013) ​ (1,590) ​ (2,529) ​ (3,139) Total change in accumulated other comprehensive income (loss) ​ $ (5,770) ​ $ (804) ​ $ (23,163) ​ $ (4,435) ​
Rosedale Loan [Member]
Notes Payable and Revolving Credit Facility
Schedule of Maturities of Long-term Debt	As of June 30, 2022, scheduled principal payments due for each year ended December 31 were as follows: ​ ​ ​ ​ 2022 (six months remaining) $ 188 2023 ​ 391 2024 ​ 405 2025 ​ ​ 13,158 Total ​ $ 14,142
Dumfries Loan [Member]
Notes Payable and Revolving Credit Facility
Schedule of Maturities of Long-term Debt	As of June 30, 2022, scheduled principal payments due for each year ended December 31 were as follows: ​ ​ ​ ​ 2022 (six months remaining) ​ $ 146 2023 ​ 302 2024 ​ 11,034 Total ​ $ 11,482
Cantor Loan [Member]
Notes Payable and Revolving Credit Facility
Schedule of Maturities of Long-term Debt	As of June 30, 2022, scheduled principal payments due for each year ended December 31 were as follows: ​ ​ ​ ​ 2022 (six months remaining) 225 2023 ​ 471 2024 ​ 492 2025 ​ 523 2026 ​ ​ 551 Thereafter ​ 29,331 Total ​ $ 31,593

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Preferred Stock [Member]
Schedule of dividends payable	Preferred stock dividend activity for the six months ended June 30, 2022 is summarized in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Applicable ​ Quarterly Dividends Date Announced ​ Record Date ​ Quarter ​ Payment Date ​ Dividend ​ per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 10, 2021 January 15, 2022 Q4 2021 January 31, 2022 ​ $ 1,455 ​ $ 0.46875 March 11, 2022 April 15, 2022 Q1 2022 May 2, 2022 ​ $ 1,455 ​ $ 0.46875 June 10, 2022 July 15, 2022 Q2 2022 August 1, 2022 ​ $ 1,455 (1) $ 0.46875 (1) Two months of this amount, equal to $970, was accrued at June 30, 2022.
Common Stock [Member]
Schedule of dividends payable	Common stock dividend activity for the six months ended June 30, 2022 is summarized in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Applicable ​ Dividend Dividends Date Announced ​ Record Date ​ Quarter ​ Payment Date ​ Amount (1) ​ per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 10, 2021 December 27, 2021 Q4 2021 January 10, 2022 ​ $ 14,055 ​ $ 0.205 March 11, 2022 March 25, 2022 Q1 2022 April 8, 2022 ​ $ 14,611 ​ $ 0.21 June 10, 2022 June 24, 2022 Q2 2022 July 8, 2022 ​ $ 14,642 ​ $ 0.21 (1) Includes distributions on outstanding LTIP Units and OP Units.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Stock-Based Compensation
Schedule of LTIP Unit Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ Date ​ Description ​ Units Issued ​ Vesting Dates ​ ​ ​ ​ ​ ​ ​ March 4, 2022 ​ Final awards under the 2019 Long-Term Incentive Plan ​ 163 ​ 50% on March 4, 2022; and ​ ​ ​ ​ ​ ​ 50% on March 4, 2023 ​ ​ ​ ​ ​ ​ ​ February 24, 2022 ​ Final awards under the 2021 Annual Incentive Plan ​ 91 ​ 50% on February 24, 2022; and ​ ​ ​ ​ ​ ​ 50% on February 24, 2023 ​ ​ ​ ​ ​ ​ ​ February 24, 2022 ​ Time-based awards under the 2022 Long-Term Incentive Plan ​ 75 ​ 100% on February 24, 2025 ​ ​ ​ ​ ​ ​ ​ May 11, 2022 ​ Annual awards to independent directors ​ 32 ​ 100% on May 11, 2023
Schedule of time-based vesting LTIP unit activity	​ ​ ​ ​ Vested units 1,862 Unvested units 677 LTIP Units outstanding as of June 30, 2022 2,539
Schedule of the annual awards and long-term awards	A detail of the Company’s Long-Term Awards under the 2020 and 2021 programs, and the Annual Awards and Long-Term Awards under the 2022 program as of June 30, 2022 is as follows: ​ ​ ​ ​ 2020 Long-Term Awards 68 2021 Long-Term Awards 74 2022 Annual Awards (1) 89 2022 Long-Term Awards (2) 106 Total target performance awards as of June 30, 2022 337 (1) Approved by the Board on February 24, 2022. The number of target LTIP Units was based on the average closing price of the Company’s common stock reported on the New York Stock Exchange (“NYSE”) over the 15 trading days preceding the grant date. (2) Approved by the Board on February 24, 2022. The number of target LTIP Units was based on the fair value of the Long-Term Awards as determined by an independent valuation consultant.
Schedule of of the assumptions for the long-term awards using Monte Carlo simulations	Below are details regarding certain of the assumptions for the Long-Term Awards using Monte Carlo simulations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Long-Term ​ 2021 Long-Term ​ 2020 Long-Term ​ ​ Awards Awards Awards ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value ​ $ 16.39 ​ $ 14.86 ​ $ 13.47 Target awards ​ 106 ​ 76 ​ 70 Volatility ​ 41.65 % 42.37 % 28.75 % Risk-free rate ​ 1.72 % 0.26 % 0.72 % Dividend assumption ​ reinvested ​ reinvested ​ reinvested Expected term in years ​ 3 ​ 3 ​ 3

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases
Schedule of aggregate annual cash to be received by the company	The aggregate annual cash to be received by the Company on the noncancelable operating leases related to its portfolio as of June 30, 2022 is as follows for the subsequent years ended December 31: ​ ​ ​ ​ ​ 2022 (six months remaining) $ 57,922 2023 113,117 2024 ​ 102,977 2025 ​ 89,388 2026 ​ 80,995 Thereafter ​ 384,899 Total ​ $ 829,298
Schedule of aggregate cash payments to be made by the Company	The following table sets forth the undiscounted cash flows of our scheduled obligations for future lease payments on operating ground leases at June 30, 2022, and a reconciliation of those cash flows to the operating lease liability at June 30, 2022: ​ ​ ​ ​ ​ 2022 (six months remaining) $ 221 2023 206 2024 ​ 162 2025 ​ 163 2026 ​ 165 Thereafter ​ 6,041 Total ​ ​ 6,958 Discount ​ (3,846) Lease liability ​ $ 3,112

Organization (Details)

Organization (Details) - Global Medical REIT GP LLC [Member]	6 Months Ended
	Jun. 30, 2022
Operating Partnership	93.97%
Partnership interest	6.03%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 5,873	$ 7,213	$ 5,821
Restricted cash	8,327	5,546	6,549
Total cash and cash equivalents and restricted cash	$ 14,200	$ 12,759	$ 12,370	$ 10,753

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) item tenant	Dec. 31, 2021 USD ($) tenant	Jun. 30, 2021 USD ($)
Tenant Receivables	$ 6,189	$ 6,070	$ 6,070
Receivables Earned But Not Received Relating To Tenant Rent	1,143	1,309
Loans receivable	1,149	1,158
Tenant reimbursements	$ 3,897	3,603
Number of tenants | tenant	228
Real estate held for sale	$ 0	0
Reserve for leases	350	350
Escrow Deposit	7,708	5,957
Deferred Costs and Other Assets	27,731	25,417
Deferred Rent Receivables, Net	27,583	25,356
Other Deferred Costs, Net	148	61
Other Assets	6,056	6,232
Prepaid Expense and Other Assets	1,474	1,916
Capitalized preacquisition costs	741	257
Capitalized software costs	194	250
Operating Lease, Right-of-Use Asset	3,647	3,809
Prepaid rent	4,316	3,230
Derivative Liabilities		7,790
Other liabilities	7,428	7,709
Right of use liabilities	3,112	4,479
Goodwill	$ 5,903	5,903
Number of reporting units | item	1
Derivative asset	$ 16,583	1,236
Interest Rate Swap [Member]
Derivative Liabilities		$ 6,554
Derivative asset	$ 16,583
Tenant improvements [Member]
Number of tenants | tenant	2	2

Property Portfolio - Gross Inve

Property Portfolio - Gross Investment (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Beginning Balance	$ 1,343,003	$ 1,142,905
Acquisitions	101,562
Capitalized costs	775
Ending Balance	1,444,565	1,343,003
Gainesville Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	5,304
Clinton Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		10,887
West Allis Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		204,710
Grand Rapids Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	7,300
Disposition of Prescott		(4,612)
Sarasota Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	6,128
Greenwood [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	6,241
Fairbanks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	22,958
Rocky Point Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	7,985
Fairfax Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	21,263
Lees Summit Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	6,617
Lexington Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	16,991
El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		10,017
Syracuse Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		6,397
West El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		9,578
Fort Worth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		17,444
Port St. Lucie Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		4,787
Cape Coral and Fort Myers Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		31,701
Dallas Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		6,719
East Grand Forks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		10,278
Coos Bay Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		6,472
Caledonia Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		3,910
Tallahassee Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		9,244
Forsyth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		19,424
North Charleston Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		7,180
Munster Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		6,736
Hialeah Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		11,844
Athens Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		5,339
Lemoyne Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		5,336
Athens 200 Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		2,043
Mentor Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		10,469
Oklahoma City Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		8,905
Tenant improvements		6,814
Land [Member]
Property, Plant and Equipment [Line Items]
Beginning Balance	152,060	128,857
Acquisitions	12,985
Ending Balance	165,045	152,060
Land [Member] | Gainesville Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	555
Land [Member] | West Allis Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		23,994
Land [Member] | Grand Rapids Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	1,238
Disposition of Prescott		(791)
Land [Member] | Sarasota Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	747
Land [Member] | Greenwood [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	929
Land [Member] | Fairbanks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	1,782
Land [Member] | Rocky Point Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	613
Land [Member] | Fairfax Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	4,012
Land [Member] | Lees Summit Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	1,349
Land [Member] | Lexington Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	1,760
Land [Member] | El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		899
Land [Member] | Syracuse Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		616
Land [Member] | West El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		851
Land [Member] | Fort Worth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,817
Land [Member] | Port St. Lucie Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		590
Land [Member] | Cape Coral and Fort Myers Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		5,623
Land [Member] | Dallas Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		3,101
Land [Member] | East Grand Forks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		845
Land [Member] | Coos Bay Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		861
Land [Member] | Caledonia Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		582
Land [Member] | Tallahassee Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		782
Land [Member] | Forsyth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,554
Land [Member] | North Charleston Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		927
Land [Member] | Munster Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		780
Land [Member] | Athens Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		564
Land [Member] | Lemoyne Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		299
Land [Member] | Athens 200 Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		327
Land [Member] | Mentor Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		2,249
Land [Member] | Oklahoma City Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		727
Buildings
Property, Plant and Equipment [Line Items]
Beginning Balance	985,091	851,427
Acquisitions	64,785
Capitalized costs	681
Ending Balance	1,049,876	985,091
Buildings | Gainesville Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	3,899
Buildings | Clinton Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		8,756
Buildings | West Allis Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		137,485
Buildings | Grand Rapids Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	4,976
Disposition of Prescott		(3,821)
Buildings | Sarasota Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	3,703
Buildings | Greenwood [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	4,332
Buildings | Fairbanks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	12,262
Buildings | Rocky Point Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	6,243
Buildings | Fairfax Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	13,238
Buildings | Lees Summit Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	4,101
Buildings | Lexington Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	11,350
Buildings | El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		7,549
Buildings | Syracuse Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		4,745
Buildings | West El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		7,160
Buildings | Fort Worth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		13,020
Buildings | Port St. Lucie Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		3,583
Buildings | Cape Coral and Fort Myers Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		20,155
Buildings | Dallas Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		2,593
Buildings | East Grand Forks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		6,248
Buildings | Coos Bay Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		5,095
Buildings | Caledonia Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		2,669
Buildings | Tallahassee Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		6,720
Buildings | Forsyth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		9,627
Buildings | North Charleston Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		4,248
Buildings | Munster Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		4,451
Buildings | Hialeah Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		9,633
Buildings | Athens Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		4,106
Buildings | Lemoyne Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		3,661
Buildings | Athens 200 Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,336
Buildings | Mentor Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		6,291
Buildings | Oklahoma City Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		5,839
Site Improvements [Member]
Property, Plant and Equipment [Line Items]
Beginning Balance	19,021	15,183
Acquisitions	1,784
Ending Balance	20,805	19,021
Site Improvements [Member] | Gainesville Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	76
Site Improvements [Member] | Clinton Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		495
Site Improvements [Member] | West Allis Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		3,838
Site Improvements [Member] | Grand Rapids Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	221
Site Improvements [Member] | Sarasota Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	84
Site Improvements [Member] | Greenwood [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	194
Site Improvements [Member] | Fairbanks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	215
Site Improvements [Member] | Rocky Point Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	223
Site Improvements [Member] | Fairfax Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	399
Site Improvements [Member] | Lees Summit Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	83
Site Improvements [Member] | Lexington Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	289
Site Improvements [Member] | El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		71
Site Improvements [Member] | Syracuse Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		128
Site Improvements [Member] | West El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		144
Site Improvements [Member] | Fort Worth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		143
Site Improvements [Member] | Port St. Lucie Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		70
Site Improvements [Member] | Cape Coral and Fort Myers Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		480
Site Improvements [Member] | Dallas Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		63
Site Improvements [Member] | East Grand Forks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		278
Site Improvements [Member] | Coos Bay Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		56
Site Improvements [Member] | Caledonia Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		66
Site Improvements [Member] | Tallahassee Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		137
Site Improvements [Member] | Forsyth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		348
Site Improvements [Member] | North Charleston Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		106
Site Improvements [Member] | Munster Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		161
Site Improvements [Member] | Hialeah Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		264
Site Improvements [Member] | Athens Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		58
Site Improvements [Member] | Lemoyne Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		113
Site Improvements [Member] | Athens 200 Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		42
Site Improvements [Member] | Mentor Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		354
Site Improvements [Member] | Oklahoma City Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		261
Tenant improvements [Member]
Property, Plant and Equipment [Line Items]
Beginning Balance	58,900	49,204
Acquisitions	3,600
Capitalized costs	94
Ending Balance	62,500	58,900
Tenant improvements [Member] | Gainesville Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	199
Tenant improvements [Member] | Clinton Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,636
Tenant improvements [Member] | West Allis Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		9,696
Tenant improvements [Member] | Grand Rapids Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	270
Tenant improvements [Member] | Sarasota Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	331
Tenant improvements [Member] | Greenwood [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	360
Tenant improvements [Member] | Fairbanks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	753
Tenant improvements [Member] | Rocky Point Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	317
Tenant improvements [Member] | Fairfax Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	310
Tenant improvements [Member] | Lees Summit Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	410
Tenant improvements [Member] | Lexington Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	556
Tenant improvements [Member] | El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		160
Tenant improvements [Member] | Syracuse Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		136
Tenant improvements [Member] | West El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		567
Tenant improvements [Member] | Fort Worth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		395
Tenant improvements [Member] | Port St. Lucie Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		185
Tenant improvements [Member] | Cape Coral and Fort Myers Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,132
Tenant improvements [Member] | Dallas Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		469
Tenant improvements [Member] | East Grand Forks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		815
Tenant improvements [Member] | Coos Bay Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		50
Tenant improvements [Member] | Caledonia Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		96
Tenant improvements [Member] | Tallahassee Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		387
Tenant improvements [Member] | Forsyth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		456
Tenant improvements [Member] | North Charleston Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		801
Tenant improvements [Member] | Munster Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		391
Tenant improvements [Member] | Hialeah Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		716
Tenant improvements [Member] | Athens Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		63
Tenant improvements [Member] | Lemoyne Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		359
Tenant improvements [Member] | Athens 200 Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		134
Tenant improvements [Member] | Mentor Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		253
Tenant improvements [Member] | Oklahoma City Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		495
Intangibles [Member]
Property, Plant and Equipment [Line Items]
Beginning Balance	127,931	98,234
Acquisitions	18,408
Ending Balance	146,339	127,931
Intangibles [Member] | Gainesville Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	575
Intangibles [Member] | West Allis Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		29,697
Intangibles [Member] | Grand Rapids Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	595
Intangibles [Member] | Sarasota Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	1,263
Intangibles [Member] | Greenwood [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	426
Intangibles [Member] | Fairbanks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	7,946
Intangibles [Member] | Rocky Point Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	589
Intangibles [Member] | Fairfax Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	3,304
Intangibles [Member] | Lees Summit Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	674
Intangibles [Member] | Lexington Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions	$ 3,036
Intangibles [Member] | El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,338
Intangibles [Member] | Syracuse Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		772
Intangibles [Member] | West El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		856
Intangibles [Member] | Fort Worth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		2,069
Intangibles [Member] | Port St. Lucie Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		359
Intangibles [Member] | Cape Coral and Fort Myers Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		4,311
Intangibles [Member] | Dallas Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		493
Intangibles [Member] | East Grand Forks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		2,092
Intangibles [Member] | Coos Bay Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		410
Intangibles [Member] | Caledonia Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		497
Intangibles [Member] | Tallahassee Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,218
Intangibles [Member] | Forsyth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		7,439
Intangibles [Member] | North Charleston Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,098
Intangibles [Member] | Munster Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		953
Intangibles [Member] | Hialeah Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,231
Intangibles [Member] | Athens Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		548
Intangibles [Member] | Lemoyne Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		904
Intangibles [Member] | Athens 200 Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		204
Intangibles [Member] | Mentor Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		1,322
Intangibles [Member] | Oklahoma City Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions		$ 1,583

Property Portfolio - Summary of

Property Portfolio - Summary of the carrying amount of intangible assets and liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cost	$ 146,339	$ 127,931
Accumulated Amortization	(49,708)	(40,246)
Net	96,631	87,685
Liabilities
Cost	12,694	11,842
Accumulated Amortization	(4,791)	(3,714)
Net	7,903	8,128
In-place leases [Member]
Assets
Cost	79,661	70,527
Accumulated Amortization	(29,172)	(23,638)
Net	50,489	46,889
Above Market Lease intangibles [Member]
Assets
Cost	28,061	22,615
Accumulated Amortization	(7,998)	(6,407)
Net	20,063	16,208
Leasing Costs
Assets
Cost	38,617	34,789
Accumulated Amortization	(12,538)	(10,201)
Net	$ 26,079	$ 24,588

Property Portfolio - Summary _2

Property Portfolio - Summary of the acquired lease intangible amortization (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
In-place leases [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 2,895	$ 2,168	$ 5,534	$ 4,258
Leasing Costs
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	1,221	945	2,337	1,839
Above Market Lease intangibles [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	866	542	1,591	1,033
Below Market Lease Intangible [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ (551)	$ (457)	$ (1,077)	$ (888)

Property Portfolio - Net amorti

Property Portfolio - Net amortization of the acquired lease intangible (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Net Decrease in Revenue
2022 (six months remaining)	$ (742)
2023	(1,515)
2024	(1,356)
2025	(1,745)
2026	(1,822)
Thereafter	4,980
Total	(12,160)
Net Increase in Expenses
2022 (nine months remaining)	8,366
2023	15,823
2024	13,693
2025	10,219
2026	8,500
Thereafter	19,967
Total	$ 76,568

Property Portfolio - (Details)

Property Portfolio - (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) contract tenant	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) item
Property, Plant and Equipment [Line Items]
Number of Properties Acquired			9		20
Depreciation expense	$ 9,898	$ 8,292	$ 19,300	$ 16,140
Tenant Improvement Allowances Receivable	24,183		24,183
Capital Lease Obligations, Noncurrent	$ 20,403		20,403
Acquisitions			$ 101,562
Debt Instrument, Term			3 years 9 months 14 days		4 years 3 months 10 days
Number of tenants | tenant			228
Weighted average remaining term	40 years		40 years
Lease Intangibles Asset [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years 8 months 12 days
Lease Intangibles Liability [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life			3 years 7 months 6 days
Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions			$ 12,985
El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					$ 10,017
El Paso Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					899
Syracuse Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					6,397
Syracuse Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					616
West El Paso Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					9,578
West El Paso Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					851
Fort Worth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					17,444
Fort Worth Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					1,817
Port St. Lucie Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					4,787
Port St. Lucie Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					590
Cape Coral and Fort Myers Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					31,701
Cape Coral and Fort Myers Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					5,623
Dallas Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					6,719
Dallas Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					3,101
East Grand Forks Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					10,278
East Grand Forks Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					845
Coos Bay Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					6,472
Coos Bay Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					861
Caledonia Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					3,910
Caledonia Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					582
Tallahassee Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					9,244
Tallahassee Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					782
Forsyth Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					19,424
Forsyth Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					1,554
North Charleston Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					7,180
North Charleston Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					927
Munster Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					6,736
Munster Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					780
Hialeah Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					11,844
Athens Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					5,339
Athens Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					564
Lemoyne Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					5,336
Lemoyne Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					299
Athens 200 Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					2,043
Athens 200 Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					327
Mentor Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					10,469
Mentor Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					2,249
Oklahoma City Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					8,905
Oklahoma City Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					727
Greenwood [Member]
Property, Plant and Equipment [Line Items]
Acquisitions			6,241
Greenwood [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions			929
Clinton Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					10,887
West Allis Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					204,710
West Allis Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions					$ 23,994
Grand Rapids Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions			7,300
Grand Rapids Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions			1,238
Fairfax Facility [Member]
Property, Plant and Equipment [Line Items]
Acquisitions			21,263
Fairfax Facility [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Acquisitions			$ 4,012

Credit Facility, Notes Payabl_3

Credit Facility, Notes Payable and Derivative Instruments - Schedule of outstanding borrowings under the Credit Facility (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Long-term Line of Credit	$ 602,987	$ 514,567
Revolving Credit Facility [Member]
Long-term Line of Credit	260,100	172,600
Term Loan [Member]
Long-term Line of Credit	350,000	350,000
Line of Credit [Member]
Less: Unamortized deferred financing costs	$ (7,113)	$ (8,033)

Credit Facility, Notes Payabl_4

Credit Facility, Notes Payable and Derivative Instruments - Schedule of net of unamortized discount balances (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Credit Facility, Notes Payable and Derivative Instruments
Notes payable, gross	$ 57,217	$ 57,769
Less: Unamortized debt issuance costs	(530)	(607)
Notes payable, net	$ 56,687	$ 57,162

Credit Facility, Notes Payabl_5

Credit Facility, Notes Payable and Derivative Instruments - Scheduled Principal Payments Due On Cantor Loan Note Payable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jul. 31, 2020	Apr. 27, 2020	Mar. 31, 2016
Rosedale Loan [Member]
Notes Payable and Revolving Credit Facility
2022 (six months remaining)	$ 188
2023	391
2024	405
2026	13,158
Total	14,142	$ 14,330	$ 14,800
Dumfries Loan [Member]
Notes Payable and Revolving Credit Facility
2022 (six months remaining)	146
2023	302
2024	11,034
Total	11,482	11,624		$ 12,074
Cantor Loan [Member]
Notes Payable and Revolving Credit Facility
2022 (six months remaining)	225
2023	471
2024	492
2025	523
2026	551
Thereafter	29,331
Total	$ 31,593	$ 31,815			$ 32,097

Credit Facility, Notes Payabl_6

Credit Facility, Notes Payable and Derivative Instruments - Schedule of interest rate swap agreement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Credit Facility, Notes Payable and Derivative Instruments
Amount of gain recognized in other comprehensive income	$ (4,757)	$ 786	$ (20,634)	$ (1,296)
Amount of loss reclassified from accumulated other comprehensive income (loss) into interest expense	(1,013)	(1,590)	(2,529)	(3,139)
Total other comprehensive loss	$ (5,770)	$ (804)	$ (23,163)	$ (4,435)

Credit Facility, Notes Payabl_7

Credit Facility, Notes Payable and Derivative Instruments (Details)					3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 01, 2022 USD ($)	Jul. 31, 2020 USD ($)	Apr. 27, 2020 USD ($)	Mar. 31, 2016 USD ($)	Jun. 30, 2022 USD ($) contract	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) contract item	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Aug. 02, 2022 USD ($)
Notes Payable and Revolving Credit Facility
Interest expense							$ 10,202,000
Increase (Decrease) in Security Deposits							764,000	$ 45,000
Proceeds from (Repayments of) Credit Facility							$ 87,500,000
Debt Instrument, Term							3 years 9 months 14 days		4 years 3 months 10 days
Note balance					$ 57,217,000		$ 57,217,000		$ 57,769,000
Line Of Credit Cash Paid Other							7,000	6,177,000
Additional Interest Expense							4,242,000
Interest Expense, Total					$ 5,401,000	$ 5,020,000	$ 10,202,000	10,057,000
Weighted average interest rate basis					3.14%		3.14%		2.87%
Interest Rate Swap [Member]
Notes Payable and Revolving Credit Facility
Derivative, Notional Amount					$ 350,000,000		$ 350,000,000
Number of interest rate swaps entered | contract					6		6
Derivative Instruments in Hedges, Liabilities, at Fair Value					$ 16,583,000		$ 16,583,000		$ 6,554,000
Interest Rate Swap [Member] | Subsequent Event
Notes Payable and Revolving Credit Facility
Derivative, Notional Amount										$ 150,000,000
Interest Rate Swap [Member] | Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Notes Payable and Revolving Credit Facility
Derivative fixed rate										2.54%
Interest Rate Swap Agreement One [Member]
Notes Payable and Revolving Credit Facility
Derivative, Notional Amount					150,000,000		150,000,000
Interest Rate Swap Agreement Two [Member]
Notes Payable and Revolving Credit Facility
Derivative, Notional Amount					$ 200,000,000		$ 200,000,000
Forward Starting Interest Rate Swaps [Member]
Notes Payable and Revolving Credit Facility
Number of interest rate swaps entered | contract					5		5
Credit Facility [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity					$ 750,000,000		$ 750,000,000
Maximum consolidated leverage ratio under financial covenants					60		60
Maximum consolidated secured recourse leverage ratio under financial covenant					10%		10%
Minimum fixed charge coverage ratio under financial covenants					1.50		1.50
Minimum unsecured interest coverage ratio under financial covenant					1.50		1.50
Maximum consolidated secured leverage ratio under financial covenants					30%		30%
Maximum consolidated unsecured leverage ratio under financial covenants					60%		60%
Percentage of net proceeds raised, covenant					75%		75%
Covenant compliance							As of June 30, 2022, management believed it complied with all of the financial and non-financial covenants contained in the Credit Facility.
Proceeds from Credit Facility							$ 92,500,000	133,100,000
Repayments of Lines of Credit							5,000,000	207,200,000
Proceeds from (Repayments of) Credit Facility								(74,100,000)
Interest Expense, Total					$ 4,208,000	3,749,000	7,822,000	7,601,000
Minimum Net Worth Required for Compliance					345,000,000		345,000,000
Credit Facility [Member] | Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Notes Payable and Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate	0.10%
Revolving Credit Facility [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity					400,000,000		400,000,000
Amortization of financing costs					464,000	427,000	$ 927,000	776,000
Debt instrument extensions | item							2
Extension option							6 months
Term Loan [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity					350,000,000		$ 350,000,000
Term Loan [Member] | Subsequent Event
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity	$ 150,000,000
Term Loan [Member] | Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Notes Payable and Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate	0.10%
New Term Loan [Member] | Subsequent Event
Notes Payable and Revolving Credit Facility
Credit Facility maturity date	Feb. 01, 2028
Debt Instrument, Face Amount	$ 150,000,000									$ 150,000,000
Rosedale Loan [Member]
Notes Payable and Revolving Credit Facility
Long term debt		$ 14,800,000			14,142,000		$ 14,142,000		14,330,000
Debt Instrument, Interest Rate, Stated Percentage		3.85%
Debt Instrument, Maturity Date							Jul. 31, 2025
Interest expense					138,000	141,000	$ 275,000	282,000
Debt Instrument, Term		25 years
Principal payments made							188,000		180,000
Dumfries Loan [Member]
Notes Payable and Revolving Credit Facility
Long term debt			$ 12,074,000		11,482,000		$ 11,482,000		11,624,000
Debt Instrument, Interest Rate, Stated Percentage			4.68%
Debt Instrument, Maturity Date							Jun. 01, 2024
Interest expense					135,000	137,000	$ 268,000	275,000
Debt Instrument, Term			10 years
Principal payments made							142,000	136,000
Cantor Loan [Member]
Notes Payable and Revolving Credit Facility
Long term debt				$ 32,097,000	31,593,000		$ 31,593,000		$ 31,815,000
Debt Instrument, Interest Rate, Stated Percentage				5.22%
Debt Instrument, Maturity Date							Apr. 06, 2026
Prepayment period before maturity date							4 months
Interest expense					418,000	423,000	$ 833,000	842,000
Debt Instrument, Term				30 years
Principal payments made							$ 222,000	70,000
The Term loan [Member] | Interest Rate Swap Agreement One [Member]
Notes Payable and Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate							1.91%
The Term loan [Member] | Interest Rate Swap Agreement Two [Member]
Notes Payable and Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate							1.61%
The Term loan [Member] | Interest Rate Swap Agreement Three [Member]
Notes Payable and Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate							1.45%
Accordion [Member] | Credit Facility [Member]
Notes Payable and Revolving Credit Facility
Credit Facility maximum borrowing capacity					500,000,000		$ 500,000,000
Notes Payable [Member]
Notes Payable and Revolving Credit Facility
Amortization of financing costs					$ 38,000	$ 66,000	$ 77,000	$ 129,000

Equity - Summary of Preferred S

Equity - Summary of Preferred Stock Dividend Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Dividend Amount	$ 15,926	$ 15,668
Common Stock [Member]
Dividend Amount	$ 141		$ 132
Preferred Stock [Member] | Dividend declared on December 10, 2021
Date Announced	Dec. 10, 2021
Record Date	Jan. 15, 2022
Payment Date	Jan. 31, 2022
Dividend Amount	$ 1,455
Dividends per Share	$ 0.46875
Preferred Stock [Member] | Dividend declared on March 11, 2022 [Member]
Date Announced	Mar. 11, 2022
Record Date	Apr. 15, 2022
Payment Date	May 02, 2022
Dividend Amount	$ 1,455
Dividends per Share	$ 0.46875
Preferred Stock [Member] | Dividend declared on June 10, 2022 [Member]
Date Announced	Jun. 10, 2022
Record Date	Jul. 15, 2022
Payment Date	Aug. 01, 2022
Dividend Amount	$ 1,455
Dividends per Share	$ 0.46875
Common Stock [Member] | Dividend declared on December 10, 2021
Date Announced	Dec. 10, 2021
Record Date	Dec. 27, 2021
Payment Date	Jan. 10, 2022
Dividend Amount	$ 14,055
Dividends per Share	$ 0.205
Common Stock [Member] | Dividend declared on March 11, 2022 [Member]
Date Announced	Mar. 11, 2022
Record Date	Mar. 25, 2022
Payment Date	Apr. 08, 2022
Dividend Amount	$ 14,611
Dividends per Share	$ 0.21
Common Stock [Member] | Dividend declared on June 10, 2022 [Member]
Date Announced	Jun. 10, 2022
Record Date	Jun. 24, 2022
Payment Date	Jul. 08, 2022
Dividend Amount	$ 14,642
Dividends per Share	$ 0.21

Equity - Additional Information

Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended		12 Months Ended
	Aug. 31, 2020	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Mar. 31, 2022
Preferred Stock, Shares Authorized		10,000,000		10,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.001		$ 0.001
Preferred Stock, Shares Issued		3,105,000		3,105,000
Preferred Stock, Shares Outstanding		3,105,000		3,105,000
Dividend Accrued		$ 970
Common Stock, Shares Authorized		500,000,000		500,000,000
Common Stock, Par or Stated Value Per Share		$ 0.001		$ 0.001
Common Stock, Shares, Outstanding		65,518,000		64,880,000
Proceeds		$ 9,979	$ 194,455
Payments of Dividends, Total		2,911	2,911
Payment Of Dividends Common Stock Op And Ltip Units		29,136	24,575
Dividends Payable		$ 15,926		$ 15,668
Partners' Capital Account, Units, Treasury Units Purchased		35		62
Partners' Capital Account, Treasury Units, Purchased		$ 600		$ 919
Limited Partners' Capital Account, Units Issued		1,667,000		1,702,000
Limited Partners' Capital Account, Units Outstanding		1,667,000		1,702,000
Limited Partners' Capital Account		$ 8,480		$ 9,080
ATM
Authorized amount under sales agreement		150,000			$ 300,000
Proceeds		$ 10,104
Shares issued		598
Offering price (Dollars per share)	$ 17.15
Common Stock [Member]
Payments of Dividends, Total		$ 470	742
Dividends Payable		$ 141	$ 132
Series A Preferred Stock [Member]
Preferred Stock, Shares Issued		3,105,000		3,105,000
Preferred Stock, Shares Outstanding		3,105,000		3,105,000
Preferred Stock, Dividend Rate, Percentage		7.50%
Preferred Stock, Liquidation Preference Per Share		$ 25		$ 25
Dividends Payable, Amount Per Share		$ 1.875
Long Term Incentives Plan Units Member
Dividends Payable		$ 314		$ 643

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Related Party Transactions
Due from related parties	$ 337	$ 163
Due to related party	$ 0	$ 0

Stock-Based Compensation - TRIP

Stock-Based Compensation - TRIP Unit Activity (Details) - shares shares in Thousands				6 Months Ended
	May 11, 2022	Mar. 04, 2022	Feb. 24, 2022	Jun. 30, 2022
Long-Term Incentive Plan, 2019 [Member] | Long Term Incentives Plan Units [Member]
Number of units issued		163
Annual Incentive Plan 2021 [Member] | Long Term Incentives Plan Units [Member]
Number of units issued			91
Time-based awards under the 2022 Long-Term Incentive Plan [Member] | Long Term Incentives Plan Units [Member]
Number of units issued			75
Vesting percentage				100%
Annual awards to independent directors [Member] | Long Term Incentives Plan Units [Member]
Number of units issued	32
Vesting percentage				100%
Share-based Compensation Award, Tranche One [Member] | Long-Term Awards [Member]
Vesting percentage				75%
Share-based Compensation Award, Tranche One [Member] | Long Term Incentives Plan Units [Member]
Vesting percentage				50%
Share-based Compensation Award, Tranche One [Member] | Long-Term Incentive Plan, 2019 [Member] | Long Term Incentives Plan Units [Member]
Vesting percentage				50%
Share-based Compensation Award, Tranche One [Member] | Annual Incentive Plan 2021 [Member] | Long Term Incentives Plan Units [Member]
Vesting percentage				50%
Share-based Compensation Award, Tranche Two [Member] | Long-Term Awards [Member]
Vesting percentage				25%
Share-based Compensation Award, Tranche Two [Member] | Long Term Incentives Plan Units [Member]
Vesting percentage				50%
Share-based Compensation Award, Tranche Two [Member] | Long-Term Incentive Plan, 2019 [Member] | Long Term Incentives Plan Units [Member]
Vesting percentage				50%
Share-based Compensation Award, Tranche Two [Member] | Annual Incentive Plan 2021 [Member] | Long Term Incentives Plan Units [Member]
Vesting percentage				50%

Stock-Based Compensation - Vest

Stock-Based Compensation - Vested and unvested LTIP units (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2022 shares
Stock-Based Compensation
Vested units	1,862
Unvested units	677
LTIP Units outstanding as of March 31, 2022	2,539

Stock-Based Compensation - Long

Stock-Based Compensation - Long-Term Awards (Details) shares in Thousands	Jun. 30, 2022 shares
Total target performance awards as of March 31, 2022	337
2020 Program [Member] | Long-Term Awards [Member]
Total target performance awards as of March 31, 2022	68	[1]
2022 program [Member] | Annual Awards [Member]
Total target performance awards as of March 31, 2022	89
2022 program [Member] | Long-Term Awards [Member]
Total target performance awards as of March 31, 2022	106
2021 Program [Member] | Long-Term Awards [Member]
Total target performance awards as of March 31, 2022	74	[1]
[1]2020 Long-Term Awards

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions Long-Term Awards (Details) - Long-Term Awards [Member] - $ / shares shares in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
2020 Program [Member]
Target awards			70
2019 Long-Term Awards
Expected term in years		3 years
2018 Long-Term Awards
Fair value			$ 13.47
Volatility			28.75%
Risk-free rate			0.72%
Dividend assumption			reinvested
Expected term in years			3 years
2022 program [Member]
Fair value	$ 16.39
Target awards	106
Volatility	41.65%
Risk-free rate	1.72%
Dividend assumption	reinvested
Expected term in years	3 years
2021 Program [Member]
Fair value		$ 14.86
Target awards		76
Volatility		42.37%
Risk-free rate		0.26%
Dividend assumption		reinvested

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	May 26, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Expected dividend rate				0%
Stock-based compensation expense		$ 1,289	$ 1,612	$ 2,576	$ 3,327
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 6,900		$ 6,900
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 10 months 24 days
Long-Term Awards [Member]
Performance period				3 years
Share based compensation maximum percentage of target that may be earned				200%
Long Term Incentives Plan Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures				5
Share based compensation maximum percentage of target that may be earned				150%
Long Term Incentives Plan Units [Member] | 2016 Equity Incentive Plan [Member]
Additional shares authorized for issuance	1,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		1,108,000		1,108,000
Long Term Incentives Plan Units [Member] | Annual Award Agreements [Member]
Performance period				1 year
Share Based Compensation Estimated Percentage Of Performance Goals		100%		100%
Share-based Compensation Award, Tranche One [Member] | Long-Term Awards [Member]
Vesting percentage				75%
Share-based Compensation Award, Tranche One [Member] | Long Term Incentives Plan Units [Member]
Vesting percentage				50%
Share-based Compensation Award, Tranche Two [Member] | Long-Term Awards [Member]
Vesting percentage				25%
Share-based Compensation Award, Tranche Two [Member] | Long Term Incentives Plan Units [Member]
Performance period				1 year
Vesting percentage				50%

Leases - Aggregate annual minim

Leases - Aggregate annual minimum cash to be received by the Company on the noncancelable operating leases (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases
2022 (six months remaining)	$ 57,922
2023	113,117
2024	102,977
2025	89,388
2026	80,995
Thereafter	384,899
Total	$ 829,298

Leases - Scheduled obligations

Leases - Scheduled obligations for future minimum payments on operating ground leases (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases
2022 (six months remaining)	$ 221
2023	206
2024	162
2025	163
2026	165
Thereafter	6,041
Total	6,958
Discount	(3,846)
Lease liability	$ 3,112

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) building	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) building property tenant	Jun. 30, 2021 USD ($)
Leases
Operating Lease Average Remaining Lease Term			10 years
Variable revenue	$ 1,920	$ 1,534	$ 3,867	$ 2,908
Rental revenue	$ 33,679	28,200	$ 65,530	55,525
Weighted average remaining term	40 years		40 years
Weighted average discount rate	7.50%		7.50%
Lease Expense	$ 55	39	$ 110	75
Paid in cash	$ 44	$ 31	$ 72	$ 61
Buildings located on land that is subject to operating ground leases | building	7		7
Number of tenants | tenant			228
Number of facilities leased | property			114
Concentration Risk, Customer			During this period there were no tenants with rental revenue that exceeded 10% of the Company’s rental revenue.

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($) $ in Millions		1 Months Ended	6 Months Ended
	Aug. 01, 2022	Jul. 31, 2022	Jun. 30, 2022	Aug. 02, 2022
Subsequent Event | Germantown Facility [Member]
Subsequent Events
Gross proceeds from sale		$ 17.9
Gain on sale of medical office building		$ 6.8
Credit Facility [Member]
Subsequent Events
Credit Facility maximum borrowing capacity			$ 750
Covenant compliance			As of June 30, 2022, management believed it complied with all of the financial and non-financial covenants contained in the Credit Facility.
Credit Facility [Member] | Subsequent Event
Subsequent Events
Debt instrument basis point reduction if sustainability goals met	0.02%
Credit Facility [Member] | Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Subsequent Events
Debt Instrument, Basis Spread on Variable Rate	0.10%
Revolving Credit Facility [Member]
Subsequent Events
Credit Facility maximum borrowing capacity			$ 400
New Term Loan [Member] | Subsequent Event
Subsequent Events
Credit Facility maturity date	Feb. 01, 2028
Accordion [Member] | Subsequent Event
Subsequent Events
Credit Facility maximum borrowing capacity	$ 500
Term Loan [Member]
Subsequent Events
Credit Facility maximum borrowing capacity			350
Term Loan [Member] | Subsequent Event
Subsequent Events
Credit Facility maximum borrowing capacity	$ 150
Term Loan [Member] | Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Subsequent Events
Debt Instrument, Basis Spread on Variable Rate	0.10%
Interest Rate Swap [Member]
Subsequent Events
Derivative, Notional Amount			350
Interest Rate Swap [Member] | Subsequent Event
Subsequent Events
Derivative, Notional Amount				$ 150
Interest Rate Swap [Member] | Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Subsequent Events
Derivative fixed rate				2.54%
Interest Rate Swap Agreement One [Member]
Subsequent Events
Derivative, Notional Amount			150
Interest Rate Swap Agreement Two [Member]
Subsequent Events
Derivative, Notional Amount			$ 200