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Other assets (Tables) | 6 Months Ended
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Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of 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.
Schedule of Accounts, Notes, Loans and Financing 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

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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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