v3.25.4
Prepaid Expenses and Other Assets, net
 12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Assets, net Prepaid Expenses and Other Assets, net
Prepaid expenses and other assets, net, consisted of the following:
December 31, 2025December 31, 2024
(in thousands)
Furniture, fixtures, and other long-lived assets, net (1)
$29,179 $26,316 
Prepaid expenses, net11,000 8,470 
Deferred financing costs, net (2)
9,150 12,692 
Other assets5,232 4,457 
Total prepaid expenses and other assets, net$54,561 $51,935 
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(1)Includes $43.4 million and $40.2 million of accumulated depreciation for furniture, fixtures, and other long-lived assets as of as of December 31, 2025 and 2024, respectively.
(2)Refer to Note 8 “Secured and Unsecured Debt of the Operating Partnership” for a discussion of the deferred financing costs for the unsecured revolving credit facility.