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Prepaid Expenses and Other Assets, net
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Assets, net Prepaid Expenses and Other Assets, net
The following table summarizes the Company’s prepaid expenses and other assets, net as of:
June 30, 2026December 31, 2025
Non-real estate investments$46,902 $47,693 
Interest rate derivative assets3,284 3,360 
Prepaid insurance12,757 8,338 
Deferred financing costs, net4,468 4,667 
Prepaid property tax— 2,159 
Other18,422 20,390 
PREPAID EXPENSES AND OTHER ASSETS, NET$85,833 $86,607 

Non-Real Estate Investments

The Company measures its investments in funds that do not have a readily determinable fair value using the Net Asset Value (“NAV”) practical expedient and uses NAV reported without adjustment unless it is aware of information indicating the NAV reported does not accurately reflect the fair value of the investment. Changes in the fair value of these non-real estate investments are included in unrealized (loss) gain on non-real estate investments on the Consolidated Statements of Operations. During the three and six months ended June 30, 2026, the Company recognized an unrealized loss of $0.8 million and $2.8 million, respectively, on its non-real estate investments due to the changes in fair value. During the three and six months ended June 30, 2025, the Company recognized an unrealized gain of $0.2 million and an unrealized loss of $0.2 million, respectively, on its non-real estate investments due to the changes in fair value. As of June 30, 2026, the cumulative unrealized gain on the investments was $1.0 million.