Other assets, net consisted of the following as of June 30, 2026 and December 31, 2025 (dollars in thousands):


	June 30, 2026		December 31, 2025
Deferred rent receivables	$	50,200	$	49,158
Prepaid expenses and other assets		41,236		49,338
Deferred tax assets, net		23,887		22,939
Inventory — finished goods		20,511		18,838
Lease commissions, net of accumulated amortization of $10,593 and $9,569 as of June 30, 2026 and December 31, 2025, respectively		16,882		17,081
Real estate deposits		7,665		6,053
Deferred financing costs, net of accumulated amortization of $503 and $1,854 as of June 30, 2026 and December 31, 2025, respectively		6,862		2,251
Investments in unconsolidated entities		5,364		3,616
Lease inducement, net of accumulated amortization of $3,421 and $3,246 as of June 30, 2026 and December 31, 2025, respectively (with a weighted average remaining life of 4.5 years and 5.0 years as of June 30, 2026 and December 31, 2025, respectively)		1,579		1,754
Derivative financial instruments		955		—
Total	$	175,141	$	171,028

Deferred financing costs included in other assets were related to the 2025 Trilogy Credit Facility, as defined in Note 8, Lines of Credit and Term Loan, as well as the senior unsecured revolving credit facility portions of the 2024 Credit Facility and 2026 Credit Facility, each as defined in Note 8, Lines of Credit and Term Loan. In April 2026, in connection with the replacement of the 2024 Credit Facility with the 2026 Credit Facility, we incurred a loss on extinguishment of $147,000 due to the partial write-off of unamortized deferred financing costs related to the senior unsecured revolving credit facility portion of the 2024 Credit Facility. In March 2025, in connection with the termination of our previous credit facility, we incurred a loss on extinguishment of $533,000 primarily consisting of the write-off of unamortized deferred financing costs associated with such facility. Loss on extinguishment of debt is recorded as an increase to interest expense in our accompanying condensed consolidated statements of operations and comprehensive income. See Note 8, Lines of Credit and Term Loan, for further discussion of our lines of credit. Amortization expense on lease inducement for the three months ended June 30, 2026 and 2025 was $88,000 and $89,000, respectively, and for the six

months ended June 30, 2026 and 2025 was $175,000 and $176,000, respectively, which is recorded as a decrease to real estate revenue in our accompanying condensed consolidated statements of operations and comprehensive income.