v3.26.3
Other Assets
 9 Months Ended
Sep. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS

6. OTHER ASSETS

Other assets on the consolidated balance sheets as of September 30, 2026, and December 31, 2025, included the following ($ in thousands):

 

 

2026

 

 

2025

 

Predevelopment costs and earnest money (1)

 

$

75,583

 

 

$

59,789

 

Prepaid expenses and other assets

 

 

15,027

 

 

 

7,339

 

Lease inducements, net of accumulated amortization of $11,425 and $9,919 in 2026 and 2025, respectively (2)

 

 

10,147

 

 

 

9,847

 

Furniture, fixtures and equipment and other deferred costs, net of accumulated depreciation of $10,394 and $20,837 in 2026 and 2025, respectively

 

 

8,311

 

 

 

8,826

 

Credit Facility deferred financing costs, net of accumulated amortization of $857 and $4,701 in 2026 and 2025, respectively

 

 

7,758

 

 

 

1,703

 

 

$

116,826

 

 

$

87,504

 

 

 

(1)
Predevelopment costs represent amounts that are capitalized related to predevelopment projects that the Company determined are probable of future development.
(2)
Represents incentives paid to tenants in conjunction with leasing space, such as moving costs, sublease arrangements of prior space, and other costs. These amounts are amortized into rental revenues over the individual underlying lease terms.