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

9 Months Ended

Sep. 30, 2022

Summary of Reconciliation of Redeemable Noncontrolling Interests in Real Estate Partnerships

The following table shows changes in our redeemable noncontrolling interests in consolidated real estate partnerships from December 31, 2021 to September 30, 2022 (in thousands):

Balance at December 31, 2021	$	33,794
Capital contributions		124,723
Distributions		(917	)
Redemptions		(4,911	)
Net income		5,446
Balance at September 30, 2022	$	158,135

Summary of Other Assets

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

	September 30, 2022		December 31, 2021
Other investments	$	63,594	$	45,386
Notes receivable		38,759		38,029
Unconsolidated real estate partnerships		28,958		13,025
Assets held for sale (1)		11,735		—
Deferred costs, deposits, and other		11,667		22,136
Prepaid expenses and real estate taxes		10,489		20,516
Corporate fixed assets		8,484		9,855
Accounts receivable, net of allowances of $1,406 and $1,285 as of September 30, 2022 and December 31, 2021, respectively		2,544		2,469
Deferred tax assets		1,999		6,388
Intangible assets, net		1,176		3,269
Due from affiliates		1,236		4,840
Total other assets, net	$	180,641	$	165,913

(1) In addition to the properties 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 September 30, 2022, assets held for sale include one land parcel in Fort Lauderdale, Florida, which is expected to be sold during the fourth quarter of 2022.