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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of other assets

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​	​	​	​	​	​	​
​	​	December 31,
​		2024			2023
​	​	(in thousands)
Intangible assets, net of accumulated amortization of $1,782 and $164, respectively	​	$	10,332	​	$	1,806
Accounts receivable, net	​		10,372	​		8,944
Prepaid property taxes	​		9,272	​		8,171
Prepaid insurance	​		5,768	​		4,879
Amounts due from affiliates (see note 14)	​	​	18,866	​	​	18,045
Assets related to deferred compensation arrangements	​	​	63,761	​	​	60,038
Right-of-use assets - operating leases	​	​	49,435	​	​	50,476
Ground lease receivable	​	​	6,249	​	​	6,193
Note receivable (1)	​	​	5,000	​	​	—
Other	​		4,573	​		4,732
Total other assets, net	​	$	183,628	​	$	163,284

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(1) On October 8, 2024, the Company loaned $5.0 million to an owner of five third-party stores managed by the Company, in exchange for a note receivable of the same amount bearing interest at 10.00% per year. The note matures on May 7, 2026 and is collateralized by a pledge of the ownership interests in the underlying properties. The Company believes that this note receivable is fully collectible. The interest income related to this note is included in the component of other (expense) income designated as Other within the Company’s consolidated statements of operations.

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Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.

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