Prepaid Expenses and Other Assets, Net (Tables)

3 Months Ended

Mar. 31, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Prepaid Expenses and Other Assets, Net

Prepaid expenses and other assets, net, consisted of the following:


	March 31, 2026		December 31, 2025
	(in thousands)
Furniture, fixtures, and other long-lived assets, net (1)	$	26,654	$	29,179
Prepaid expenses, net	8,193		11,000
Deferred financing costs, net (2)	8,264		9,150
Other assets	9,162		5,232
Total prepaid expenses and other assets, net	$	52,273	$	54,561

________________________

(1)Includes $32.3 million and $43.4 million of accumulated depreciation for furniture, fixtures, and other long-lived assets as of March 31, 2026 and December 31, 2025, respectively.

(2)Refer to Note 4 “Secured and Unsecured Debt of the Operating Partnership” for a discussion of the deferred financing costs for the unsecured revolving credit facility.