Other Assets, Net (Tables)

3 Months Ended

Mar. 31, 2023

Other Assets, Net.

Summary of other assets, net

	March 31, 2023		December 31, 2022
	(In thousands)
Prepaid expenses	$	14,429	$	16,440
Derivative agreements, at fair value		41,689		61,622
Deferred financing costs, net		5,003		5,516
Deposits		386		483
Operating lease right-of-use assets (1)		62,688		1,383
Investments in funds (2)		18,645		16,748
Other investments (3)		3,563		3,524
Other		11,715		11,312
Total other assets, net	$	158,118	$	117,028

(1) Includes our corporate office lease at 4747 Bethesda Avenue as of March 31, 2023.

(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 months ended March 31, 2023 and 2022, unrealized gains related to these investments were $2.0 million and $156,000, which were included in "Interest and other income, net" in our statements of operations. During the three months ended March 31, 2023, realized losses related to these investments were $129,000, which were included in "Interest and other income, net" in our statement of operations.

(3) Primarily consists of equity investments that are carried at cost. During the three months ended March 31, 2022, realized gains related to these investments were $13.9 million, which were included in "Interest and other income, net" in our statement of operations.