Other Assets

6 Months Ended

Jun. 30, 2020

Other Assets [Abstract]

Other Assets

13. Other Assets

The following table summarizes the other assets as of June 30, 2020 and December 31, 2019:

	June 30, 2020		December 31, 2019
Deferred financing costs, net	$	282,840	$	353,862
Fair value of derivative instruments (Note 18)		29,826		10,911
Taxable mortgage revenue bonds, at fair value		1,456,279		1,383,237
Operating lease right-of-use assets, net		1,657,904		1,673,242
Other assets		1,303,206		1,641,099
Total other assets	$	4,730,055	$	5,062,351

As of June 30, 2020 and December 31, 2019, the operating lease right-of-use assets consisted primarily of a ground lease at the 50/50 MF Property (see Note 14).  

See Note 23 for a description of the methodology and significant assumptions for determining the fair value of derivative instruments and taxable MRBs. Unrealized gains or losses on these assets are recorded in the Partnership’s condensed consolidated statements of comprehensive income (loss) to reflect changes in their estimated fair values resulting from market conditions and fluctuations in the present value of the expected cash flows from the assets.