​

​

As of

​

June 30,
2025

December 31,
2024

Accrued Property Taxes

​

$

6,376

​

$

2,619

Reserve for Tenant Improvements

​

​

1,528

​

​

1,424

Tenant Security Deposits

​

​

3,230

​

​

2,833

Accrued Construction Costs

​

​

548

​

​

3,988

Accrued Interest

​

​

655

​

​

1,133

Environmental Reserve

​

​

40

​

​

47

Cash Flow Hedge - Interest Rate Swaps

​

​

3,945

​

​

—

Operating Leases - Liability

​

​

284

​

​

293

Construction and Other Reserves from Commercial Loans and Investments

​

​

2,164

​

​

2,279

Other

​

​

4,284

​

​

6,652

Total Accrued and Other Liabilities

​

$

23,054

​

$

21,268