​

​

As of

​

  ​ ​ ​

June 30,
2026

  ​ ​ ​

December 31,
2025

Accrued Property Taxes

​

$

7,523

​

$

1,236

Reserve for Tenant Improvements

​

​

806

​

​

1,094

Tenant Security Deposits

​

​

3,169

​

​

3,233

Accrued Construction Costs

​

​

4,758

​

​

6,926

Accrued Interest

​

​

1,282

​

​

690

Cash Flow Hedge - Interest Rate Swaps

​

​

—

​

​

3,404

Operating Leases - Liability

​

​

172

​

​

229

Construction and Other Reserves from Commercial Loans and Investments

​

​

2,275

​

​

3,031

Other

​

​

4,337

​

​

8,342

Total Accrued and Other Liabilities

​

$

24,322

​

$

28,185