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Other Assets and Other Liabilities | 9 Months Ended
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Sep. 30, 2023
Other Assets and Other Liabilities [Abstract] |
Other Assets and Other Liabilities | Note 8—Other Assets and Other Liabilities Deferred expenses and other assets, net, consist of the following items ($ in thousands):(1)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​
​ |  | September 30, 2023 |  | December 31, 2022 | ​
Other assets(1) | ​ | $ | 11,001 | ​ | $ | 9,471 | ​
Operating lease right-of-use assets(2) | ​ |  | 1,492 | ​ |  | 1,860 | ​
Restricted cash | ​ |  | 5,653 | ​ |  | 3,247 | ​
Other receivables | ​ |  | 2,516 | ​ |  | 1,895 | ​
Leasing costs, net(3) | ​ |  | 109 | ​ |  | 129 | ​
Intangible assets, net(4) | ​ | ​ | 273 | ​ | ​ | 319 | ​
Deferred expenses and other assets, net | ​ | $ | 21,044 | ​ | $ | 16,921 | ​
(1) | As of September 30, 2023 and December 31, 2022, other assets primarily includes prepaid expenses and deposits for certain real estate assets.
(2) | Right-of use lease assets initially equal the lease liability. For operating leases, rent expense is recognized on a straight-line basis over the term of the lease and is recorded in “Real estate expense” in the Company’s combined and consolidated statements of operations. During the three months ended September 30, 2023 and 2022, the Company recognized $0.1 million and $0.1 million, respectively, in “Real estate expense” in its combined and consolidated statements of operations relating to operating leases. During the nine months ended September 30, 2023 and 2022, the Company recognized $0.4 million and $0.5 million, respectively, in “Real estate expense” in its combined and consolidated statements of operations relating to operating leases.
(3) | Accumulated amortization of leasing costs was $0.1 million and $0.1 million as of September 30, 2023 and December 31, 2022, respectively.
(4) | Intangible assets, net includes above market and in-place lease assets related to the acquisition of real estate assets. Accumulated amortization on intangible assets, net was $0.1 million and $0.1 million as of September 30, 2023 and December 31, 2022, respectively. The amortization of above market leases decreased operating lease income in the Company’s combined and consolidated statements of operations by $8 thousand and $0.1 million, respectively, for the three and nine months ended September 30, 2022. These intangible lease assets are amortized over the remaining term of the lease. As of September 30, 2023, the weighted average remaining amortization period for the Company’s intangible assets was approximately 5.1 years.
​ Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​
​ |  | September 30, 2023 |  | December 31, 2022 | ​
Other liabilities(1) | ​ | $ | 36,304 | ​ | $ | 26,235 | ​
Accrued expenses | ​ | ​ | 4,716 | ​ | ​ | 4,861 | ​
Operating lease liabilities (see table above) | ​ |  | 1,648 | ​ |  | 2,006 | ​
Accounts payable, accrued expenses and other liabilities | ​ | $ | 42,668 | ​ | $ | 33,102 | ​
(1) | As of September 30, 2023, “Other liabilities” includes $20.1 million of deferred income, $7.2 million of management fees due Safe and $6.2 million of other payables related to real estate properties. As of December 31, 2022, “Other liabilities” includes $21.2 million of deferred income and $2.5 million of other payables related to real estate properties.

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