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

9 Months Ended

Sep. 30, 2023

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

Schedule of Prepaid Expense and Other Current Assets



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

		(in thousands)
Short-term investments	$	1,141	$	1,331
Prepaid real estate taxes		4,707		3,333
Interest receivable		4,213		529
Prepaid taxes		10,426		10,639
Prepaid ground rent		4,213		3,867
Other current assets		20,850		13,450
Total prepaid expenses and other current assets	$	45,550	$	33,149

Schedule of Other Assets



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

		(in thousands)
Straight-line rent receivable	$	410,611	$	388,638
Interest rate swap asset ⁽¹⁾		143,252		182,860
Loans receivable ⁽²⁾		135,845		39,922
Deferred lease costs, net		8,262		7,747
Deferred tax asset - long term		68,248		16,173
Long-term investments		31,569		40,696
Other		47,444		46,337
Total other assets	$	845,231	$	722,373

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

(2)On March 17, 2023 (and as amended on August 25, 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 January 31, 2027. 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 September 30, 2023, the outstanding principal balance of the loan was $93.0 million and was accruing interest at 10.067%.