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OTHER ASSETS

9 Months Ended

Sep. 30, 2025

6. OTHER ASSETS

Other assets were comprised of the following as of September 30, 2025 and December 31, 2024.


	September 30,		December 31,
	2025		2024

	(in thousands)
Intangible assets, net of accumulated amortization of $28,081 and $1,782, respectively	$	15,154	$	10,332
Accounts receivable, net		9,825		10,372
Prepaid property taxes		10,204		9,272
Prepaid insurance		7,116		5,768
Amounts due from affiliates (see note 16)		18,524		18,866
Assets related to deferred compensation arrangements		66,963		63,761
Right-of-use assets - operating leases		48,671		49,435
Ground lease receivable		—		6,249
Note receivable ⁽¹⁾		5,000		5,000
Other		7,370		4,573
Total other assets, net	$	188,827	$	183,628

(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.