Receivables and Other Assets (Tables) |
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| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Accounts Receivables, Net |
Accounts receivable, net consisted of the following as of the dates indicated below (in thousands):
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| Schedule of Other Assets, Net |
Other assets, net consisted of the following as of the dates indicated below (in thousands):
(1)Includes right-of-use finance leases of $5.6 million, right-of-use operating leases of $9.6 million, and a below-market right-of-use asset, net of $6.3 million as of September 30, 2025. Includes right-of-use finance leases of $5.6 million, right-of-use operating leases of $10.2 million, and a below-market right-of-use asset, net of $6.4 million as of December 31, 2024. Amortization expense for below market right-of-use asset was less than $0.1 million for the three months ended September 30, 2025 and 2024 and $0.1 million for the nine months ended September 30, 2025 and 2024.
(2)Notes receivable includes a member loan to the Arch Street Joint Venture discussed in Note 3 – Real Estate Investments and Related Intangibles – Investment in Unconsolidated Joint Venture of $6.7 million and $1.4 million as of September 30, 2025 and December 31, 2024, respectively. Notes receivable as of December 31, 2024 also includes one $2.5 million long-term seller financed promissory note for one property sold during the year ended December 31, 2023. This loan was structured as a first mortgage loan on the property sold with an unsecured recourse guaranty from the buyer principal and was repaid in full during the nine months ended September 30, 2025.
(3)Includes accumulated amortization for deferred costs related to the Revolving Facility of $9.2 million and $7.0 million as of September 30, 2025 and December 31, 2024, respectively. Amortization expense for deferred costs related to the Revolving Facility was $0.7 million and $2.2 million for the three and nine months ended September 30, 2025 and 2024, respectively. Deferred costs, net as of December 31, 2024 also includes outstanding deferred equity offering costs of $0.6 million, which were expensed against other (expense) income, net in the accompanying consolidated statements of operations during the three and nine months ended September 30, 2025 in connection with the scheduled expiration of the Company’s universal shelf registration statement on Form S-3 with the SEC during November 2025.
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