| OTHER ASSETS |
6. OTHER ASSETS Other assets were comprised of the following as of June 30, 2025 and December 31, 2024. | | | | | | | | | June 30, | | December 31, | | | 2025 | | 2024 | | | | (in thousands) | Intangible assets, net of accumulated amortization of $17,273 and $1,782, respectively | | $ | 25,962 | | $ | 10,332 | Accounts receivable, net | | | 9,907 | | | 10,372 | Prepaid property taxes | | | 7,429 | | | 9,272 | Prepaid insurance | | | 9,962 | | | 5,768 | Amounts due from affiliates (see note 16) | | | 24,648 | | | 18,866 | Assets related to deferred compensation arrangements | | | 65,108 | | | 63,761 | Right-of-use assets - operating leases | | | 48,920 | | | 49,435 | Ground lease receivable | | | — | | | 6,249 | Note receivable (1) | | | 5,000 | | | 5,000 | Other | | | 7,711 | | | 4,573 | Total other assets, net | | $ | 204,647 | | $ | 183,628 |
| (1) | On October 8, 2024, the Company loaned $5.0 million to an owner of five third-party stores managed by the Company, in exchange for a note receivable of the same amount bearing interest at 10.00% per year. The note matures on May 7, 2026 and is collateralized by a pledge of the ownership interests in the underlying properties. The Company believes that this note receivable is fully collectible. The interest income related to this note is included in the component of other (expense) income designated as Other within the Company’s consolidated statements of operations. |
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