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Other Assets, Net
6 Months Ended
Jun. 30, 2024
Other Assets [Abstract]  
Other Assets, Net
6. Other Assets, Net
Other assets, net consisted of the following as of June 30, 2024 and December 31, 2023 (dollars in thousands):
 
June 30,
2024
December 31,
2023
Deferred rent receivables$49,280 $47,540 
Prepaid expenses, deposits, other assets and deferred tax assets, net37,059 33,204 
Inventory — finished goods20,036 19,472 
Investments in unconsolidated entities18,377 20,611 
Lease commissions, net of accumulated amortization of $7,791 and $7,231 as of June 30, 2024 and December 31, 2023, respectively
17,519 17,565 
Derivative financial instruments5,879 1,463 
Deferred financing costs, net of accumulated amortization of $7,783 and $8,494 as of June 30, 2024 and December 31, 2023, respectively
5,201 3,830 
Lease inducement, net of accumulated amortization of $2,719 and $2,544 as of June 30, 2024 and December 31, 2023, respectively (with a weighted average remaining life of 6.4 years and 6.9 years as of June 30, 2024 and December 31, 2023, respectively)
2,281 2,456 
Total$155,632 $146,141 
Deferred financing costs included in other assets, net were related to the Trilogy Credit Facility, as defined in Note 8, as well as the senior unsecured revolving credit facility portions of the 2022 Credit Facility and 2024 Credit Facility. In February 2024, in connection with the replacement of the 2022 Credit Facility with the 2024 Credit Facility, we incurred an aggregate loss of $565,000 on the extinguishment of part of the senior unsecured revolving credit facility, which formed part of the 2022 Credit Facility. Such loss on extinguishment of debt is recorded as an increase to interest expense in our accompanying condensed consolidated statements of operations and comprehensive income (loss), and was due to the partial write-off of unamortized deferred financing costs related to the senior unsecured revolving credit facility portion of the 2022 Credit Facility. See Note 8, Lines of Credit and Term Loan, for further discussion of our lines of credit. Amortization expense on lease inducement as of both the three and six months ended June 30, 2024 and 2023 was $88,000 and $176,000, respectively, which is recorded as a decrease to real estate revenue in our accompanying condensed consolidated statements of operations and comprehensive income (loss).