Other Assets and Liabilities

6 Months Ended

Jun. 30, 2024

Other Assets and Liabilities [Abstract]

Other Assets and Liabilities

10. Other Assets and Liabilities

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

	June 30, 2024		December 31, 2023
Tenant receivables	$	324	$	221
Acquisition costs		62		146
Prepaid expenses		1,031		170
Interest receivable		108		114
Straight-line rent receivable		621		342
Other		20		73
Total	$	2,166	$	1,066

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

	June 30, 2024		December 31, 2023
Real estate taxes payable	$	321	$	—
Accrued expenses		1,280		1,214
Accounts payable		264		152
Distributions payable(1)		1,003		832
Tenant security deposits		524		1,405
Other		358		101
Total	$	3,750	$	3,704

(1) Included in distributions payable is $0.4 million and $0.4 million as of June 30, 2024 and December 31, 2023, respectively, relating to distributions declared on Class E units and Class E shares held by the Adviser.