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Other assets | 6 Months Ended
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Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other assets | The following table summarizes the components of other assets as of June 30, 2025 and December 31, 2024 (in thousands):
| June 30, 2025 |  | December 31, 2024
Acquired in-place leases | $255,170 |  | $305,144
Deferred compensation plan | 49,943 |  | 47,727
Deferred financing costs – unsecured senior line of credit | 44,231 |  | 49,056
Deposits | 29,772 |  | 21,768
Furniture, fixtures, equipment, and software | 54,352 |  | 39,558
Net investment in leases | 60,271 |  | 41,503
Notes receivable | 216,762 |  | 120,546
Operating lease right-of-use assets | 717,125 | (1) | 764,472
Other assets | 101,423 |  | 96,690
Prepaid expenses | 27,109 |  | 33,567
Property, plant, and equipment | 131,933 |  | 141,275
Total | $1,688,091 |  | $1,661,306
(1)Refer to “Leases in which we are the lessee" section within Note 5 – “Leases” for information about the decrease in this balance since December 31, 2024. Notes receivable Our notes receivable as of June 30, 2025 and December 31, 2024 consisted of the following (dollars in thousands):
|  | As of June 30, 2025 |  |
|  | Weighted Average |  |  |  |
Notes Receivable |  | Effective Interest Rate |  | Maturity Date |  | Balance |  | December 31, 2024
Secured by real estate assets in San Diego |  | 10.1% |  | 11/4/28 |  | $199,505 |  | $103,427
Secured by real estate assets in Greater Boston |  | 4.6% |  | 12/16/29 |  | 17,730 |  | 17,356
Less: provision for expected credit losses |  |  |  |  |  | (473) |  | (237)
Notes receivable |  |  |  |  |  | $216,762 |  | $120,546
Our notes receivable represent held-to-maturity debt securities carried at amortized costs and are generally secured by real estate. Under the current expected credit losses accounting standard, we are required to estimate and, if necessary, recognize a provision for expected credit losses related to these notes. We do not have a history of losses on such securities; therefore, we utilize available information on historical losses for the commercial real estate industry. We determine expected credit losses for our notes receivable using historical industry losses and considering loan-specific information, including credit ratings of the borrowers, estimated fair values of underlying real estate assets, loan-to-value ratios, the presence of guarantors, and/or other available information. During the three months ended June 30, 2025, no adjustment to the provision for expected credit losses related to our notes receivabl e was required. The provision is reevaluated on an ongoing basis, with any necessary adjustments recognized in the corresponding period.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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