Other Assets

12 Months Ended

Dec. 31, 2019

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

Other Assets

Other Assets

Other assets consisted of the following (in thousands):

	December 31, 2019		December 31, 2018
Prepaid expenses	$	24,070	$	31,983
Refundable fees and other deposits	30,242		12,376
Development rights, held for future use or sale	2,213		845
Deferred loan costs	4,345		2,424
Operating properties and equipment, net	57,803		54,198
Lease right-of-use assets	50,947		—
Other	3,805		3,425
Total	$	173,425	$	105,251

Lease right-of-use assets was impacted by our one-time cumulative adjustment resulting from the adoption of ASC 842. As a result of our cumulative adjustment, the December 31, 2018 balance increased by $57.4 million on January 1, 2019. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies and Note 13, Commitments and Contingencies.