The following table sets forth our fixed lease payment commitments as a lessee, which are included in other liabilities on the condensed consolidated balance sheet, as of June 30, 2026, for the periods below:


Year	Operating Leases		Finance Leases
Remainder of 2026	$	3,165	$	3,658
2027	6,555		6,889
2028	5,986		5,059
2029	5,438		3,847
2030	5,053		758
Thereafter	26,053		—
Total lease payments	52,250		20,211
Less: imputed interest	(11,683)		(1,769)
Total lease liability	$	40,567	$	18,442

The components of lease expense for the three and six months ended June 30, 2026 and 2025 are as follows:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,

	2026		2025		2026		2025
Operating lease cost:
Fixed lease cost	$	1,674	$	1,374	$	3,250	$	2,666
Variable lease cost	421		442		987		778
Total operating lease cost	$	2,095	$	1,816	$	4,237	$	3,444

Finance lease cost:
Amortization of ROU assets	$	1,675	$	1,016	$	3,211	$	1,956
Interest on lease liabilities	268		149		509		277
Total finance lease cost	$	1,943	$	1,165	$	3,720	$	2,233

As of June 30, 2026, we have entered into binding development and purchase agreements with third parties for the acquisition of 197 homes over the next two years. Remaining commitments under these agreements total approximately $65,000 as of June 30, 2026.

Pursuant to the terms of certain of our loan agreements (see Note 7), laws and regulations of the jurisdictions in which our properties are located, and general business practices, we are required to procure insurance on our properties. As of June 30, 2026, there are no material contingent liabilities related to uninsured losses with respect to our properties.

We are subject to various legal proceedings and claims that arise in the ordinary course of our business as well as governmental and regulatory inquiries and engagements. We accrue a liability when we believe that it is both probable that a liability has been incurred and that we can reasonably estimate the amount of the loss. We do not believe that the final outcome of these proceedings or matters will have a material adverse effect on our condensed consolidated financial statements.