XML 46 R22.htm IDEA: XBRL DOCUMENT v3.25.0.1
Prepaid Expenses and Other Assets, Net
 12 Months Ended
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Assets, Net Prepaid Expenses and Other Assets, Net
Prepaid expenses and other assets, net consisted of the following at December 31, 2024 and 2023:
December 31, 2024December 31, 2023
(in thousands)
Furniture, fixtures, and other long-lived assets, net$26,316 $37,073 
Prepaid expenses and deferred financing costs, net (1)
21,162 10,532 
Other assets4,457 5,464 
Total prepaid expenses and other assets, net$51,935 $53,069 
____________________
(1)Refer to Note 10 “Secured and Unsecured Debt of the Operating Partnership” for a discussion of the deferred financing costs incurred in connection with the amendment and restatement of the unsecured revolving credit facility during the year ended December 31, 2024.
During the year ended December 31, 2024, the Company sold its corporate aircraft, which was included in furniture, fixtures, and other long-lived assets, net, for a sales price of $19.8 million, and recognized a gain on sale of approximately $6.0 million.