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ACCRUED AND OTHER LIABILITIES | 12 Months Ended
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Dec. 31, 2023
ACCRUED AND OTHER LIABILITIES |
ACCRUED AND OTHER LIABILITIES | NOTE 18. ACCRUED AND OTHER LIABILITIES Accrued and other liabilities consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ |  | December 31, 2023 |  | December 31, 2022
Accrued Property Taxes | ​ | $ | 2,090 | ​ | $ | 716
Reserve for Tenant Improvements | ​ | ​ | 1,168 | ​ | ​ | 6,186
Tenant Security Deposits | ​ | ​ | 2,301 | ​ | ​ | 2,719
Accrued Construction Costs | ​ | ​ | 1,170 | ​ | ​ | 903
Accrued Interest | ​ | ​ | 773 | ​ | ​ | 872
Environmental Reserve | ​ | ​ | 54 | ​ | ​ | 67
Cash Flow Hedge - Interest Rate Swaps | ​ | ​ | 4,879 | ​ | ​ | 397
Operating Leases - Liability | ​ | ​ | 417 | ​ | ​ | 64
Other | ​ | ​ | 5,521 | ​ | ​ | 6,104
Total Accrued and Other Liabilities | ​ | $ | 18,373 | ​ | $ | 18,028
​ Reserve for Tenant Improvements. In connection with recent acquisitions, the Company received, an aggregate $8.0 million from the sellers of the properties for tenant improvement allowances, leasing commissions and other capital improvements. These amounts are included in accrued and other liabilities on the consolidated balance sheets. Through December 31, 2023, payments totaling $4.0 million were made and $2.8 million in contingent obligations to fund certain tenant improvements were extinguished through an increase in investment and other income, leaving a remaining reserve for tenant improvements of $1.2 million. ​

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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