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Other Assets, Net
6 Months Ended
Jun. 30, 2022
Other Assets, Net.  
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.