Other Assets, Net (Tables)

3 Months Ended

Mar. 31, 2022

Other Assets, Net.

Summary of other assets, net

	March 31, 2022		December 31, 2021
	(In thousands)
Prepaid expenses	$	16,564	$	17,104
Derivative agreements, at fair value		15,478		951
Deferred financing costs, net		10,671		11,436
Deposits		1,845		1,938
Operating lease right-of-use assets		1,591		1,660
Finance lease right-of-use assets (1)		—		180,956
Other (2) (3)		25,236		26,115
Total other assets, net	$	71,385	$	240,160

(1) Represents finance ground leases at 1730 M Street and Courthouse Plaza 1 and 2, which were classified as "Assets held for sale" in our balance sheet as of March 31, 2022.

(2) As of March 31, 2022 and December 31, 2021, included $11.9 million and $9.8 million of investments in funds, which invest in real estate focused technology companies, that are recorded at their fair value based on their reported net asset value. During the first quarter of 2022, we recorded unrealized gains totaling $156,000 related to these investments, which are included in "Interest and other income, net" in our statement of operations.

(3) As of March 31, 2022 and December 31, 2021, included $8.3 million and $11.3 million of equity investments that are carried at cost. During the first quarter of 2022, we recorded a realized gain of $13.9 million related to these investments, which is included in "Interest and other income, net" in our statement of operations.