Prepaid Expenses and Other Assets

9 Months Ended

Sep. 30, 2025

Prepaid Expenses and Other Assets.

Prepaid Expenses and Other Assets

5. Prepaid Expenses and Other Assets

Prepaid expenses and other assets, net consisted of the following (in thousands):

	September 30,		December 31,
	2025		2024
	(unaudited)
Prepaid expenses	$	13,807	$	10,488
Inventory		11,488		10,497
Deferred financing costs		8,648		2,223
Property and equipment, net		1,719		2,267
Interest rate derivatives		709		556
Deferred rent on straight-lined third-party tenant leases		209		369
Liquor licenses		930		930
Other		432		427
Total prepaid expenses and other assets, net	$	37,942	$	27,757