Other Assets, Net (Tables)

3 Months Ended

Mar. 31, 2025

Other Assets, Net

Schedule of other assets, net

	March 31, 2025		December 31, 2024
	(In thousands)
Prepaid expenses	$	11,263	$	10,834
Derivative financial instruments, at fair value		15,900		25,682
Deferred financing costs, net		6,551		7,280
Operating lease right-of-use assets		43,416		44,034
Investments in funds (1)		27,927		27,665
Other investments (2)		3,277		3,237
Other		12,391		12,586
Total other assets, net	$	120,725	$	131,318

(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 months ended March 31, 2025 and 2024, unrealized gains (losses) related to these investments were ($525,000) and $497,000. During the three months ended March 31, 2025 and 2024, realized gains (losses) related to these investments were $144,000 and ($439,000). Unrealized and realized gains (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.