Prepaid Expenses and Other Current Assets and Other Assets (Tables)

3 Months Ended

Mar. 31, 2025

Prepaid Expenses and Other Current Assets and Other Assets [Abstract]

Schedule of Prepaid Expense and Other Current Assets



	As of		As of
	March 31, 2025		December 31, 2024

		(in thousands)
Short-term investments	$	65,730	$	254,534
Short-term loans receivable ⁽¹⁾		—		115,281
Prepaid real estate taxes		3,805		3,564
Interest receivable		1,540		4,359
Prepaid insurance		4,620		1,704
Prepaid taxes		11,725		11,496
Prepaid ground rent		4,196		3,638
Other current assets		25,398		22,757
Total prepaid expenses and other current assets	$	117,014	$	417,333

Schedule of Other Assets



	As of		As of
	March 31, 2025		December 31, 2024

		(in thousands)
Straight-line rent receivable	$	420,116	$	417,572
Interest rate swap asset ⁽²⁾		16,841		50,589
Loans receivable		55,367		59,326
Deferred lease costs, net		8,998		8,836
Deferred tax asset - long term		52,181		53,974
Long-term investments		18,133		20,779
Other		46,705		46,021
Total other assets	$	618,341	$	657,097

(1)On March 17, 2023 (as amended through March 6, 2025), the Company entered into a loan with one of its unconsolidated joint ventures. The total outstanding principal balance of the loan was $115.0 million as of December 31, 2024. The total outstanding principal balance of the loan was repaid on March 21, 2025. The funding of the loan and the receipt of funds were recorded in repayment (funding) of loan to unconsolidated joint venture on the Consolidated Statements of Cash Flows.

(2)Refer to Note 17 for more information on the Company’s interest rate swaps.