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Other Assets, Net (Tables)
6 Months Ended
Jun. 30, 2023
Other Assets, Net.  
Summary of other assets, net

    

June 30, 2023

    

December 31, 2022

(In thousands)

Prepaid expenses

$

11,056

$

16,440

Derivative agreements, at fair value

53,569

61,622

Deferred financing costs, net

 

13,653

 

5,516

Deposits

 

401

 

483

Operating lease right-of-use assets (1)

61,908

1,383

Investments in funds (2)

19,671

16,748

Other investments (3)

3,589

3,524

Other

 

11,830

 

11,312

Total other assets, net

$

175,677

$

117,028

(1)Includes our corporate office lease at 4747 Bethesda Avenue as of June 30, 2023.
(2)Consists of investments in real estate-focused technology companies, which are recorded at their fair value based on their reported net asset value. During the three and six months ended June 30, 2023, unrealized (losses) gains related to these investments were ($338,000) and $1.7 million. During the three and six months ended June 30, 2022, unrealized gains related to these investments were $1.0 million and $1.2 million. During the three and six months ended June 30, 2023, realized losses related to these investments were $189,000 and $318,000. Unrealized (losses) gains and realized losses were included in "Interest and other income, net" in our statements of operations.
(3)Primarily consists of equity investments that are carried at cost. During the three and six months ended June 30, 2022, realized gains related to these investments were $178,000 and $14.1 million, which were included in "Interest and other income, net" in our statements of operations.