Accounts Payable, Accrued Expenses and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2025

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Expenses and Other Liabilities

The following table summarizes the components of accounts payable, accrued expenses and other liabilities:

in thousands	March 31, 2025		December 31, 2024
Common stock repurchases	$	5,363	$	1,308
Intangible liabilities, net	5,306		5,797
Prepaid rental income	1,325		1,153
Real estate taxes payable	1,922		3,066
Tenant security deposits	1,671		1,651
Subscriptions received in advance(1)	1,345		835
Accrued interest expense	1,338		1,300
Distributions payable	652		633
Accounts payable and accrued expenses	610		315
Derivative instruments	258		—
Total	$	19,790	$	16,058

(1)Represents subscriptions received by our transfer agent prior to the date the subscriptions are effective.