12. | Accrued Expenses and Other Liabilities |
The following is a summary of our accrued expenses and other liabilities at March 31, 2026 and December 31, 2025 (in thousands): | | | | | | | | | March 31, 2026 | | December 31, 2025 | Impounds | | $ | 12,831 | | $ | 14,627 | SHOP liabilities | | | 11,303 | | | 8,734 | Property tax liability | | | 6,955 | | | 7,125 | Maintenance and repair reserves | | | 5,865 | | | 6,152 | Accounts payable and other accrued liabilities | | | 3,843 | | | 7,584 | Lease liabilities | | | 2,498 | | | 2,580 | SHOP deferred revenue | | | 2,479 | | | 2,115 | Deferred commitments | | | 1,256 | | | 3,171 | Security deposits | | | 1,165 | | | 1,601 | Total | | $ | 48,195 | | $ | 53,689 |
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