Other Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2023

Other Assets and Liabilities [Abstract]

Components of Other Assets

The following table summarizes the components of other assets ($ in thousands):

	September 30, 2023		December 31, 2022
Deferred financing costs, net	$	33	$	331
Receivables		124		250
Acquisition costs		—		216
Prepaid expenses		353		187
Interest receivable		108		102
Straight-line rent receivable		209		32
Other		75		49
Total	$	902	$	1,167

Components of Accounts Payable, Accrued Expenses and Other Liabilities

The following table summarizes the components of accounts payable, accrued expenses and other liabilities ($ in thousands):

	September 30, 2023		December 31, 2022
Real estate taxes payable	$	14	$	2,159
Accrued expenses		1,370		1,155
Accounts payable		285		867
Distributions payable(1)		731		234
Tenant security deposits		1,404		183
Other		59		254
Total	$	3,863	$	4,852

(1) Included in distributions payable is $0.3 million and $0.2 million as of September 30, 2023 and December 31, 2022, respectively, relating to distributions declared on Class E units and Class E shares held by the Adviser.