​

​

March 31,

​

December 31,

​

2025

2024

​

​

(unaudited)

​

​

​

Advance deposits

​

$

60,980

​

$

48,635

Property, sales and use taxes payable

​

​

10,902

​

​

10,088

Accrued interest

​

​

2,937

​

​

5,105

Deferred rent

​

​

1,099

​

​

1,433

Interest rate derivative

​

​

619

​

​

—

Management fees payable

​

​

899

​

​

1,168

Other

​

​

7,977

​

​

6,265

Total other liabilities

​

$

85,413

​

$

72,694