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Other assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of Other Assets | The following table summarizes the components of other assets as of December 31, 2024 and 2023 (in thousands):
| December 31,
| 2024 |  | 2023
Acquired in-place leases | $305,144 |  | $461,613
Deferred compensation plan | 47,727 |  | 40,365
Deferred financing costs – unsecured senior line of credit | 49,056 | (1) | 30,897
Deposits | 21,768 |  | 25,863
Furniture, fixtures, equipment, and software | 39,558 |  | 26,560
Net investment in direct financing lease | 41,503 |  | 40,097
Notes receivable | 120,546 | (2) | 15,841
Operating lease right-of-use assets | 764,472 | (3) | 516,452
Other assets | 96,690 |  | 88,453
Prepaid expenses | 33,567 |  | 30,969
Property, plant, and equipment | 141,275 |  | 144,784
Total | $1,661,306 |  | $1,421,894
(1)Increase is primarily due to the amendment and restatement of our unsecured senior line of credit to extend the maturity da te from January 22, 2028 to January 22, 2030, which was completed in September 2024. Refer to Note 10 – “Secured and unsecured senior debt” to our consolidated financial sta tements for additional information. (2)Increase is attributable to the seller financing provided in December 2024 to the buyers of our real estate assets. Refer to "Notes receivable” below for additional information. (3)Includes the operating lease right-of-use asset related to an amendment executed in July 2024 to our existing ground lease agreement at the Alexandria Technology Square® Megacampus. Refer to “Leases in which we are the lessee” in Note 5 – “Leases” to our consolidated financial statements for additional information.
Schedule of Accounts, Notes, Loans and Financing Receivable | Our notes receivable as of December 31, 2024 consisted of the following (dollars in thousands):
Notes Receivable |  | Effective Interest Rate |  | Maturity Date |  | Balance
Secured by real estate assets in San Diego |  | 8.6% |  | 7/5/29 |  | $103,427
Other |  |  |  |  |  | 17,356
Less: provision for expected credit losses |  |  |  |  |  | (237)
Notes receivable |  |  |  |  |  | $120,546

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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