Other Assets, Net |
6.Other Assets, Net The following is a summary of other assets, net: | | | | | | | | | June 30, 2022 | | December 31, 2021 | | | | (In thousands) | Prepaid expenses | | $ | 14,651 | | $ | 17,104 | Derivative agreements, at fair value | | | 26,334 | | | 951 | Deferred financing costs, net | | | 9,907 | | | 11,436 | Deposits | | | 1,870 | | | 1,938 | Operating lease right-of-use assets | | | 1,521 | | | 1,660 | Finance lease right-of-use assets (1) | | | — | | | 180,956 | Other (2) (3) | | | 28,525 | | | 26,115 | Total other assets, net | | $ | 82,808 | | $ | 240,160 |
(1) | Represents assets related to finance ground leases at 1730 M Street and Courthouse Plaza 1 and 2, which were sold to an unconsolidated real estate venture in April 2022. |
(2) | As of June 30, 2022 and December 31, 2021, included $14.8 million and $9.8 million of investments in funds, which invest in real estate focused technology companies, that are recorded at their fair value based on their reported net asset value. During the three and six months ended June 30, 2022, we recorded unrealized gains totaling $1.0 million and $1.2 million related to these investments, which are included in "Interest and other income (loss), net" in our statements of operations. |
(3) | As of June 30, 2022 and December 31, 2021, included $8.6 million and $11.3 million of equity investments that are carried at cost. During the three and six months ended June 30, 2022, we recorded a realized gain of $178,000 and $14.1 million related to these investments, which is included in "Interest and other income (loss), net" in our statements of operations. |
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