Other Assets, Net (Tables)

9 Months Ended

Sep. 30, 2022


	September 30, 2022		December 31, 2021

	(In thousands)
Prepaid expenses	$	30,895	$	17,104
Derivative agreements, at fair value		62,055		951
Deferred financing costs, net		6,064		11,436
Deposits		3,661		1,938
Operating lease right-of-use assets		1,452		1,660
Finance lease right-of-use assets ⁽¹⁾		—		180,956
Investments in funds ⁽²⁾		15,894		9,840
Other investments ⁽³⁾		3,746		8,869
Other		9,652		7,406
Total other assets, net	$	133,419	$	240,160

(1)	Represents assets related to finance ground leases at 1730 M Street and Courthouse Plaza 1 and 2, which were sold to an unconsolidated real estate venture in April 2022.

(2)

Consists of investments in real estate focused technology companies, which are recorded at their fair value based on their reported net asset value. During the three and nine months ended September 30, 2022, we recorded unrealized gains (losses) totaling ($267,000) and $928,000 related to these investments, which are included in "Interest and other income, net" in our statements of operations.

(3)

Primarily consists of equity investments that are carried at cost. During the three and nine months ended September 30, 2022, we recorded realized gains (losses) of ($300,000) and $13.8 million related to these investments, which is included in "Interest and other income, net" in our statements of operations.