Other Assets

3 Months Ended

Mar. 31, 2022


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, 2022		December 31, 2021
Goodwill, net	$	167,095		167,095
Investments		61,332		65,112
Prepaid and other		25,636		21,332
Deferred financing costs, net		6,875		7,448
Furniture, fixtures, and equipment, net		5,248		5,444
Derivative assets		1,242		—
Total other assets	$	267,428		266,431

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


	March 31, 2022							December 31, 2021
(in thousands)	Goodwill		Accumulated Impairment Losses			Total		Goodwill			Accumulated Impairment Losses			Total
Beginning of year balance	$	300,529		(133,434	)		167,095		307,413			(133,545	)		173,868
Goodwill allocated to Properties held for sale		—		—			—		(2,465	)		—			(2,465	)
Goodwill associated with disposed reporting units:
Goodwill allocated to Provision for impairment		—		—			—		(111	)		111			—
Goodwill allocated to Gain on sale of real estate		—		—			—		(4,308	)		—			(4,308	)
End of period balance	$	300,529		(133,434	)		167,095		300,529			(133,434	)		167,095

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.