Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2025

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

Supplemental Cash Flow Information

We purchase capital equipment and incur costs relating to construction of facilities, including tenant finishing allowances. Expenditures included in accounts payable and accrued expenses were as follows (in thousands):

	As of		As of
	September 30, 2025		September 30, 2024
Costs relating to construction included in accounts payable and accrued expenses	$	16,187	$	19,059

Interest paid, net of interest capitalized was as follows (in thousands):

	Nine months ended
	September 30,
	2025		2024
Interest paid	$	53,088	$	49,370

Non-cash financing activities that occurred during the third quarter of 2025 include the assumption of mortgage debt in the amount of $115.0 million, including net premiums of $3.8 million, related to the acquisition of our center in Kansas City, KS.

The following table summarizes cash, cash equivalents and restricted cash (in thousands) for the Company:

	Nine months ended
	September 30,
	2025		2024
Beginning of period:
Cash and cash equivalents	$	46,992	$	12,778
Restricted cash	—		—
Cash, cash equivalents, and restricted cash	$	46,992	$	12,778
End of period:
Cash and cash equivalents	$	13,029	$	11,053
Restricted cash	37,199		—
Cash, cash equivalents, and restricted cash	$	50,228	$	11,053

The following table summarizes cash, cash equivalents and restricted cash (in thousands) for the Operating Partnership:

	Nine months ended
	September 30,
	2025		2024
Beginning of period:
Cash and cash equivalents	$	46,700	$	12,572
Restricted cash	—		—
Cash, cash equivalents, and restricted cash	$	46,700	$	12,572
End of period:
Cash and cash equivalents	$	12,761	$	10,830
Restricted cash	37,199		—
Cash, cash equivalents, and restricted cash	$	49,960	$	10,830