The following table summarizes the other assets as of March 31, 2021 and December 31, 2020:

	March 31, 2021		December 31, 2020
Deferred financing costs, net	$	455,954	$	390,649
Fair value of derivative instruments (Note 17)		327,376		321,503
Taxable mortgage revenue bonds, at fair value		1,443,988		1,510,437
Taxable governmental issuer loan held in trust		1,000,000		-
Bond purchase commitments, at fair value (Note 18)		310,909		431,879
Operating lease right-of-use assets, net		1,641,462		1,648,742
Other assets		1,911,434		1,605,374
Total other assets	$	7,091,123	$	5,908,584

As of March 31, 2021 and December 31, 2020, the operating lease right-of-use assets consisted primarily of a ground lease at the 50/50 MF Property (Note 13).

See Note 22 for a description of the methodology and significant assumptions for determining the fair value of derivative instruments, taxable MRBs and bond purchase commitments. Unrealized gains or losses on derivative instruments are reported as “Interest expense” on the Partnership’s condensed consolidated statements of operations. Unrealized gain or losses on taxable MRBs and bond purchase commitments 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.

Concurrent with the acquisition of the Hope on Avalon GIL (Note 7), the Partnership entered into a taxable GIL to provide construction financing for the underlying property on a draw-down basis. The GIL and taxable GIL are on parity and share a first mortgage lien position on all real and personal property associated with the underlying property. The taxable GIL is held in trust in connection with a TOB Trust financing (Note 15). The following table includes details of the taxable GIL, and the remaining funding commitment, that was entered into during the three months ended March 31, 2021:

Property Name

Date Committed

Maturity Date

Outstanding Balance

Maximum Remaining Commitment

Hope on Avalon

January 2021

2/1/2023 ⁽¹⁾

1,000,000

9,573,000