Prepaid Expenses and Other Current Assets and Other Assets (Tables)

6 Months Ended

Jun. 30, 2023

Prepaid Expenses and Other Current Assets and Other Assets [Abstract]

Schedule of Prepaid Expense and Other Current Assets



	As of		As of
	June 30, 2023		December 31, 2022

		(in thousands)
Short-term investments	$	22,379	$	1,331
Prepaid real estate taxes		2,195		3,333
Prepaid taxes		13,348		10,639
Prepaid ground rent		3,178		3,867
Other current assets		23,814		13,979
Total prepaid expenses and other current assets	$	64,914	$	33,149

Schedule of Other Assets



	As of		As of
	June 30, 2023		December 31, 2022

		(in thousands)
Straight-line rent receivable	$	405,641	$	388,638
Interest rate swap asset ⁽¹⁾		159,320		182,860
Loans receivable ⁽²⁾		126,126		39,922
Deferred lease costs, net		8,389		7,747
Deferred tax asset - long term		73,471		16,173
Long-term investments		34,165		40,696
Other		48,139		46,337
Total other assets	$	855,251	$	722,373

(1)Refer to Note 17 for more information on the Company’s interest rate swaps.

(2)On March 17, 2023, the Company entered into a loan with one of its unconsolidated joint ventures (“the Investee”). As part of the loan agreement, the Investee may borrow up to $120.0 million in aggregate principal amount, consisting of a $73.0 million initial term loan and $47.0 million of delayed draw term loans. The final maturity date of the loans is November 30, 2024. The loans accrue interest at a variable rate, adjusting monthly, plus the applicable margin. Interest on the loans is received monthly. The funding of the loans is recorded in Other investing activities on the Consolidated Statements of Cash Flows. As of June 30, 2023, the outstanding principal balance of the loan was $83.0 million and was accruing interest at 9.910%. On August 1, 2023, the Company funded an additional $5.0 million loan to the Investee.