Note 5—Other Assets

At March 31, 2017 and December 31, 2016, the balances in other assets, net are as follows:



	March 31, 2017		December 31, 2016
Investments in debt securities, net	$	209,386	$	209,337
Held for sale assets⁽¹⁾	37,142		45,062
Prepaid expenses	33,811		21,883
Deferred leasing costs, net	7,415		7,710
Rent and other receivables, net	11,781		11,604
Deferred financing costs, net	9,242		—
Interest rate swap hedges (see Note 7)	5,907		—
Corporate fixed assets, net	5,612		6,247
Other	4,530		7,782
Total	$	324,826	$	309,625


(1)	As of March 31, 2017 and December 31, 2016 (unaudited), 358 and 391 properties, respectively, were classified as held for sale (see Note 15).

Investments in Debt Securities

In connection with certain of the Securitizations, as defined in Note 6, we previously acquired $193,045 of Class G certificates. In 2016, we purchased $16,423 of Class F certificates, which had an unamortized discount of $82 and $131 as of March 31, 2017 and December 31, 2016, respectively. These investments in debt securities are classified as held to maturity investments (for additional information about the Securitizations, see Note 6). As of March 31, 2017 and December 31, 2016, there were no gross unrecognized holding gains or losses and there were no other than temporary impairments recognized in accumulated other comprehensive income. As of March 31, 2017, the Class F and G certificates are scheduled to mature over the next 3 to 12 months.

Held for Sale Assets

Included in held for sale assets are 219 homes with a net carrying amount of $18,520 as of March 31, 2017 that are under contract for a bulk sale pursuant to a purchase and sale agreement dated March 29, 2017 for an aggregate sales price of $21,778, subject to customary terms and conditions.

Rent and Other Receivables

We lease our properties to residents pursuant to leases that generally have an initial contractual term of at least 12 months, provide for monthly payments, and are cancelable by the resident and us under certain conditions specified in the related lease agreements.

Included in other assets, net within the condensed consolidated balance sheets, is an allowance for doubtful accounts of $1,198 and $1,183, as of March 31, 2017 and December 31, 2016, respectively.

Deferred Financing Costs, net

In connection with our Revolving Facility (as defined in Note 6), we incurred $9,634 of financing costs during the three months ended March 31, 2017, which have been deferred as other assets, net on our condensed consolidated balance sheet due to the line of credit features of the Revolving Facility. These deferred financing costs are being amortized as interest expense on a straight line basis over the term of the Revolving Facility.