Other Assets and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

The following table details the components of our other assets as of March 31, 2022 and December 31, 2021:


(In thousands)	March 31, 2022		December 31, 2021
Sales-type sub-leases, net (1)	$	446,956	$	273,970
Forward-starting interest rate swaps	109,495		884
Property and equipment used in operations, net	68,193		68,515
Right of use assets and sub-lease right of use assets	49,731		16,811
Debt financing costs	29,101		24,928
Deferred acquisition costs	22,222		24,690
Tenant receivables	6,349		5,032
Prepaid expenses	3,460		3,660
Interest receivable	2,976		2,780
Other receivables	986		341
Other	2,114		3,082
Total other assets	$	741,583	$	424,693

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(1) As of March 31, 2022 and December 31, 2021, sales-type sub-leases are net of $8.8 million and $6.5 million of Allowance for credit losses, respectively. Refer to Note 5 - Allowance for Credit Losses for further details.

Schedule of Property and Equipment Used in Operations, Net

Property and equipment used in operations, included within other assets, is primarily attributable to the land, building and improvements of our golf operations and consists of the following as of March 31, 2022 and December 31, 2021:


(In thousands)	March 31, 2022		December 31, 2021
Land and land improvements	$	59,497	$	59,250
Buildings and improvements	15,045		14,880
Furniture and equipment	9,056		9,014
Total property and equipment used in operations	83,598		83,144
Less: accumulated depreciation	(15,405)		(14,629)
Total property and equipment used in operations, net	$	68,193	$	68,515


	Three Months Ended March 31,
(In thousands)	2022		2021
Depreciation expense	$	776	$	792

Schedule of Other Liabilities

The following table details the components of our other liabilities as of March 31, 2022 and December 31, 2021:


(In thousands)	March 31, 2022		December 31, 2021
Finance sub-lease liabilities	$	455,710	$	280,510
Deferred financing liabilities	73,600		73,600
Lease liabilities and sub-lease liabilities	49,731		16,811
CECL allowance for unfunded commitments	9,143		1,037
Deferred income taxes	3,999		3,879

Total other liabilities	$	592,183	$	375,837