​

​

As of

​

  ​ ​ ​

September 30,
2026

  ​ ​ ​

December 31,
2025

Accrued Property Taxes

​

$

12,262

​

$

1,236

Reserve for Tenant Improvements

​

​

2,977

​

​

1,094

Tenant Security Deposits

​

​

3,717

​

​

3,233

Accrued Construction Costs

​

​

7,024

​

​

6,926

Accrued Interest

​

​

1,185

​

​

690

Cash Flow Hedge - Interest Rate Swaps

​

​

—

​

​

3,404

Operating Leases - Liability

​

​

169

​

​

229

Construction and Other Reserves from Commercial Loans and Investments

​

​

274

​

​

3,031

Other

​

​

9,883

​

​

8,342

Total Accrued and Other Liabilities

​

$

37,491

​

$

28,185