Other Assets, Net (Tables)

9 Months Ended

Sep. 30, 2024

Other Assets, Net

Schedule of other assets, net

	September 30, 2024		December 31, 2023
	(In thousands)
Prepaid expenses	$	23,234	$	13,215
Derivative financial instruments, at fair value		18,977		42,341
Deferred financing costs, net		8,010		10,199
Operating lease right-of-use assets		44,642		60,329
Investments in funds (1)		27,262		21,785
Other investments (2)		3,487		3,487
Other		12,891		12,125
Total other assets, net	$	138,503	$	163,481

(1) 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, 2024, unrealized gains related to these investments were $2.7 million and $4.0 million. During the three and nine months ended September 30, 2023, unrealized gains (losses) related to these investments were ($492,000) and $1.2 million. During the three and nine months ended September 30, 2024, realized losses related to these investments were $143,000 and $765,000. During the three and nine months ended September 30, 2023, realized losses related to these investments were $165,000 and $483,000. Unrealized gains (losses) and realized losses were included in "Interest and other income, net" in our statements of operations.

(2) Primarily consists of equity investments that are carried at cost. During the three and nine months ended September 30 2023, realized gains related to these investments were $436,000. Realized gains were included in "Interest and other income, net" in our statements of operations.