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Accounts Payable, Accrued Expenses and Other Liabilities
6 Months Ended
Jun. 30, 2025
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 thousandsJune 30, 2025December 31, 2024
Intangible liabilities, net$5,283 $5,797 
Common stock repurchases2,854 1,308 
Real estate taxes payable2,352 3,066 
Tenant security deposits1,666 1,651 
Subscriptions received in advance(1)
1,457 835 
Prepaid rental income1,318 1,153 
Accrued interest expense834 1,300 
Distributions payable652 633 
Derivative instruments374 — 
Accounts payable and accrued expenses342 315 
Total$17,132 $16,058 
(1)Represents subscriptions received by our transfer agent prior to the date the subscriptions are effective.