| Schedule of other assets, net |
| | | | | | | | | June 30, 2025 | | December 31, 2024 | | | | (In thousands) | Prepaid expenses | | $ | 8,999 | | $ | 10,834 | Derivative financial instruments, at fair value | | | 14,515 | | | 25,682 | Deferred financing costs, net | | | 5,821 | | | 7,280 | Operating lease right-of-use assets | | | 42,786 | | | 44,034 | Investments in funds (1) | | | 28,420 | | | 27,665 | Other investments (2) | | | 3,359 | | | 3,237 | Other | | | 13,176 | | | 12,586 | Total other assets, net | | $ | 117,076 | | $ | 131,318 |
| (1) | 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, 2025, unrealized gains (losses) related to these investments were $242,000 and $(283,000). During the three and six months ended June 30, 2024, unrealized gains related to these investments were $797,000 and $1.3 million. During the three and six months ended June 30, 2025, realized gains (losses) related to these investments were $(144,000) and $0. During the three and six months ended June 30, 2024, realized losses related to these investments were $183,000 and $622,000. Unrealized and realized gains (losses) were included in "Interest and other income, net" in our statements of operations. |
| (2) | Primarily consists of equity investments that are carried at cost. |
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