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Prepaid Expenses and Other Current Assets and Other Assets

9 Months Ended

Sep. 30, 2025

Prepaid Expenses and Other Current Assets and Other Assets [Abstract]

Prepaid Expenses and Other Current Assets and Other Assets

5.PREPAID EXPENSES AND OTHER CURRENT ASSETS AND OTHER ASSETS

The Company’s prepaid expenses and other current assets are comprised of the following:



	As of		As of
	September 30, 2025		December 31, 2024

		(in thousands)
Short-term investments	$	761	$	254,534
Assets held for sale ⁽¹⁾		95,783		—
Short-term loans receivable ⁽²⁾		7,072		115,281
Prepaid real estate taxes		5,259		3,564
Interest receivable		4,139		4,359
Prepaid insurance		3,179		1,704
Prepaid taxes		7,065		11,496
Prepaid ground rent		3,142		3,638
Other current assets		17,661		22,757
Total prepaid expenses and other current assets	$	144,061	$	417,333

The Company’s other assets are comprised of the following:



	As of		As of
	September 30, 2025		December 31, 2024

		(in thousands)
Straight-line rent receivable	$	422,309	$	417,572
Interest rate swap asset ⁽³⁾		8,289		50,589
Loans receivable		55,311		59,326
Deferred lease costs, net		9,652		8,836
Deferred tax asset - long term		42,711		53,974
Long-term investments		13,536		20,779
Other		90,254		46,021
Total other assets	$	642,062	$	657,097

(1)Refer to Note 6 for more information on the Company’s assets held for sale.

(2)Short-term loans receivable for the period ended December 31, 2024 include a $115.0 million loan to one of the Company’s unconsolidated joint ventures. The total outstanding principal balance of the loan was repaid on March 21, 2025. The funding of the loan and the receipt of funds were recorded in Repayment (funding) of loan to unconsolidated joint venture on the Consolidated Statements of Cash Flows.

(3)Refer to Note 17 for more information on the Company’s interest rate swaps.