XML 41 R32.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Other Assets and Other Liabilities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Other Assets and Other Liabilities [Abstract] |
Schedule of deferred expenses and other assets, net | Deferred expenses and other assets, net, consist of the following items ($ in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​
​ |  | June 30, 2024 |  | December 31, 2023 | ​
Other assets(1) | ​ | $ | 9,161 | ​ | $ | 8,882 | ​
Operating lease right-of-use assets(2) | ​ |  | 1,154 | ​ |  | 1,380 | ​
Restricted cash | ​ |  | 9,310 | ​ |  | 10,051 | ​
Other receivables | ​ |  | 3,196 | ​ |  | 1,865 | ​
Leasing costs, net(3) | ​ |  | 85 | ​ |  | 101 | ​
Intangible assets, net(4) | ​ | ​ | 151 | ​ | ​ | 180 | ​
Deferred expenses and other assets, net | ​ | $ | 23,057 | ​ | $ | 22,459 | ​
(1) | As of June 30, 2024 and December 31, 2023, 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 June 30, 2024 and 2023, 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 six months ended June 30, 2024 and 2023, the Company recognized $0.2 million and $0.2 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 $0.2 million and $0.2 million as of June 30, 2024 and December 31, 2023, 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 $0.2 million and $0.2 million as of June 30, 2024 and December 31, 2023, respectively. These intangible lease assets are amortized over the remaining term of the lease. As of June 30, 2024, the weighted average remaining amortization period for the Company’s intangible assets was approximately 2.6 years.
​
Schedule of accounts payable, accrued expenses and other liabilities | Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​
​ |  | June 30, 2024 |  | December 31, 2023 | ​
Other liabilities(1) | ​ | $ | 34,455 | ​ | $ | 35,010 | ​
Accrued expenses | ​ | ​ | 11,304 | ​ | ​ | 5,914 | ​
Operating lease liabilities (see table above) | ​ |  | 1,317 | ​ |  | 1,538 | ​
Accounts payable, accrued expenses and other liabilities | ​ | $ | 47,076 | ​ | $ | 42,462 | ​
(1) | As of June 30, 2024, “Other liabilities” includes $20.7 million of deferred income and liabilities, $4.8 million of management fees due Safe and $6.1 million of other payables related to real estate properties. As of December 31, 2023, “Other liabilities” includes $20.1 million of deferred income and liabilities, $7.2 million of management fees due Safe and $4.9 million of other payables related to real estate properties.

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | stho_OtherAssetsAndOtherLiabilitiesAbstract
Namespace Prefix: | stho_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration