The following table summarizes the components of other assets ($ in thousands):


	June 30, 2025		December 31, 2024
Lease inducement asset	$	11,250	$	—
Straight-line rent receivable		1,632		976
Pre-acquisition costs		1,608		5
Prepaid expenses		1,396		896
Tenant receivables		813		1,131
Interest receivable		558		467
Other		14		25
Total	$	17,271	$	3,500

The following table summarizes the components of accounts payable, accrued expenses and other liabilities ($ in thousands):


	June 30, 2025		December 31, 2024
Accrued expenses	$	4,573	$	2,482
Distributions payable(1)		2,913		1,537
Tenant security deposits		1,887		638
Real estate taxes payable		1,757		206
Deferred rental income		1,399		—
Other		676		203
Accounts payable		237		291
Total	$	13,442	$	5,357

(1) Included in distributions payable is $0.4 million and $0.4 million as of June 30, 2025 and December 31, 2024, respectively, relating to distributions declared on Class E units and Class E shares held by the Adviser.