ACCOUNTS PAYABLE, ACCRUED EXPENSES, AND OTHER LIABILITIES

6 Months Ended

Jun. 30, 2024

ACCOUNTS PAYABLE, ACCRUED EXPENSES, AND OTHER LIABILITIES

ACCOUNTS PAYABLE, ACCRUED EXPENSES, AND OTHER LIABILITIES

NOTE 11. ACCOUNTS PAYABLE, ACCRUED EXPENSES, AND OTHER LIABILITIES

Accounts payable, accrued expenses, and other liabilities consisted of the following (in thousands):

	As of
	June 30, 2024		December 31, 2023
Accounts Payable	$	17	$	30
Accrued Expenses		4,058		2,449
Tenant Security Deposits		91		78
Due to CTO		1,105		1,052
Interest Rate Swaps		—		134
Loan Reserves		652		539
Operating Leases - Liability (1)		1,315		1,454
Total Accounts Payable, Accrued Expenses, and Other Liabilities	$	7,238	$	5,736

(1) See Note 9, “Operating Land Leases” for further disclosure related to the Company’s operating lease liability balance as of June 30, 2024.