Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Summary of Reconciliation of Redeemable Noncontrolling Interests in Real Estate Partnerships

The following table presents a rollforward of our redeemable noncontrolling interests in consolidated real estate partnerships from December 31, 2021 to June 30, 2022 (in thousands):

Balance at December 31, 2021	$	33,794
Capital contributions		20,392
Redemptions		(4,911	)
Net income		2,539
Balance at June 30, 2022	$	51,814

Summary of Other Assets

Other assets were comprised of the following amounts (in thousands):

	June 30, 2022		December 31, 2021
Other investments	$	82,056	$	45,386
Assets held for sale (1)		52,566		—
Notes receivable		38,606		38,029
Unconsolidated real estate partnerships		27,149		13,025
Prepaid expenses and real estate taxes		17,953		20,516
Deferred costs, deposits, and other		17,625		22,136
Corporate fixed assets		9,067		9,855
Accounts receivable, net of allowances of $1,397 and $1,285 as of June 30, 2022 and December 31, 2021, respectively		3,108		2,469
Intangible assets, net		1,602		3,269
Due from affiliates		1,357		4,840
Deferred tax assets		—		6,388
Total other assets, net	$	251,089	$	165,913

(1) In addition to the property we sold during the period, from time to time we may market to sell certain properties that are inconsistent with our long-term investment strategy. At the end of each reporting period, we evaluate whether such properties meet the criteria to be classified as held for sale. As of June 30, 2022, assets held for sale include one land parcel in Fort Lauderdale, Florida and two properties located in the Seattle, Washington area.