Other Assets

3 Months Ended

Mar. 31, 2021

4.	Other Assets

The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets as of the dates set forth below:

(in thousands)	March 31, 2021		December 31, 2020
Goodwill, net	$	172,120		173,868
Investments		60,993		60,692
Prepaid and other		27,515		17,802
Furniture, fixtures, and equipment, net		6,026		6,560
Deferred financing costs, net		9,167		2,524
Total other assets	$	275,821		261,446

The following table presents the goodwill balances and activity during the year to date periods ended:

	March 31, 2021									December 31, 2020
(in thousands)	Goodwill			Accumulated Impairment Losses			Total			Goodwill			Accumulated Impairment Losses			Total
Beginning of year balance	$	307,413			(133,545	)		173,868			310,388			(2,954	)		307,434
Goodwill allocated to Provision for impairment		—			—			—			—			(132,179	)		(132,179	)
Goodwill allocated to Properties held for sale		(1,306	)		—			(1,306	)		(1,191	)		1,191			—
Goodwill associated with disposed reporting units:
Goodwill allocated to Gain on sale of real estate		(442	)		—			(442	)		(1,784	)		397			(1,387	)
End of period balance	$	305,665			(133,545	)		172,120			307,413			(133,545	)		173,868

As the Company identifies properties (“reporting units”) that no longer meet its investment criteria, it will evaluate the property for potential sale. A decision to sell a reporting unit results in the need to evaluate its goodwill for recoverability and may result in impairment. Additionally, other changes impacting a reporting unit may be considered a triggering event. If events occur that trigger an impairment evaluation at multiple reporting units, a goodwill impairment may be significant.

During 2020, the Company recognized $132.2 million of Goodwill impairment following the market disruptions of the COVID-19 pandemic, which was considered a triggering event requiring evaluation of reporting unit fair values for Goodwill impairment. Of the 269 reporting units with Goodwill, 87 were determined to have fair values lower than carrying value, resulting in $132.2 million of Goodwill impairment.