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Other Assets and Other Liabilities (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Summary of Components of Other Assets

The following table summarizes the components of other assets ($ in thousands):

 

 

 

September 30, 2019

 

 

December 31, 2018

 

Real estate intangibles, net

 

$

690,887

 

 

$

292,658

 

Receivables

 

 

87,118

 

 

 

45,799

 

Prepaid expenses

 

 

39,464

 

 

 

10,746

 

Pre-acquisition costs

 

 

24,484

 

 

 

15,361

 

Deferred leasing costs, net

 

 

22,006

 

 

 

7,621

 

Straight-line rent receivable

 

 

19,429

 

 

 

10,337

 

Deferred financing costs, net

 

 

13,847

 

 

 

5,822

 

Other

 

 

28,780

 

 

 

22,601

 

Total

 

$

926,015

 

 

$

410,945

 

Summary of Components of Accounts Payable, Accrued Expenses, and Other Liabilities

The following table summarizes the components of accounts payable, accrued expenses, and other liabilities ($ in thousands):

 

 

 

September 30, 2019

 

 

December 31, 2018

 

Subscriptions received in advance

 

$

560,444

 

 

$

166,542

 

Payable for real estate-related securities and loans

 

 

185,074

 

 

 

 

Real estate taxes payable

 

 

129,296

 

 

 

56,555

 

Intangible liabilities, net

 

 

130,368

 

 

 

55,709

 

Accounts payable and accrued expenses

 

 

107,269

 

 

 

53,247

 

Right of use lease liability - operating leases

 

 

79,271

 

 

 

 

Right of use lease liability - financing leases

 

 

56,514

 

 

 

4,300

 

Tenant security deposits

 

 

45,099

 

 

 

23,493

 

Distribution payable

 

 

44,741

 

 

 

21,360

 

Prepaid rental income

 

 

38,760

 

 

 

29,112

 

Accrued interest expense

 

 

31,954

 

 

 

24,432

 

Other

 

 

46,885

 

 

 

29,648

 

Total

 

$

1,455,675

 

 

$

464,398