v3.26.3
Accounts Payable, Accrued Expenses and Other Liabilities
 9 Months Ended
Sep. 30, 2026
Payables and Accruals [Abstract]  
Accounts Payable, Accrued Expenses and Other Liabilities Accounts Payable, Accrued Expenses and Other Liabilities
The following table summarizes the components of accounts payable, accrued expenses and other liabilities:
in thousandsSeptember 30, 2026December 31, 2025
Intangible liabilities, net$14,467 $8,454 
Common stock repurchases5,917 1,499 
Real estate taxes payable5,640 4,059 
Subscriptions received in advance(1)
4,917 401 
Tenant security deposits2,657 2,204 
Prepaid rental income2,025 588 
Accounts payable and accrued expenses1,805 2,005 
Accrued interest expense1,656 1,382 
Distributions payable831 688 
Distributions payable to DST beneficial interest holders388 — 
Deferred tax liability— 536 
Derivative instruments— 524 
Total$40,303 $22,340 
(1)Represents subscriptions received by our transfer agent prior to the date the subscriptions are effective.