
	June 30, 2026	December 31, 2025
Acquired in-place leases	$178,540	$204,008
Deferred compensation plan	61,096	53,529
Deferred financing costs – unsecured senior line of credit	34,581	39,406
Deposits	28,034	28,618
Furniture, fixtures, equipment, and software	76,474	70,311
Net investment in leases	59,827	58,985
Notes receivable	269,737	258,033
Operating lease right-of-use assets	689,153	697,865
Other assets	92,017	87,036
Prepaid expenses	27,323	33,718
Property, plant, and equipment	128,661	130,263
Total	$1,645,443	$1,661,772

Our notes receivable as of June 30, 2026 and December 31, 2025 consisted of the following (dollars in thousands):


	June 30, 2026
	Weighted-Average
Notes Receivable	Effective Interest Rate	Maturity Date	Balance	December 31, 2025
Secured by real estate assets in San Diego	9.9%	1/10/29	$254,890	$240,476
Secured by real estate assets in Greater Boston	6.1%	12/16/29	15,379	18,089
Less: provision for expected credit losses			(532)	(532)
Notes receivable			$269,737	$258,033

Our notes receivable represent held-to-maturity debt securities carried at amortized cost and are generally secured by real

estate. Under the current expected credit losses accounting standard, we are required to estimate and, if necessary, recognize a

provision for expected credit losses related to these notes. We do not have a history of losses on such securities; therefore, we utilize

available information on historical losses for the commercial real estate industry. We determine expected credit losses for our notes

receivable using historical industry losses and considering loan-specific information, including credit ratings of the borrowers, estimated

fair values of underlying real estate assets, loan-to-value ratios, the presence of guarantors, and/or other available information. During

the three and six months ended June 30, 2026, no adjustment to the provision for expected credit losses related to our notes receivable