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Prepaid Expenses and Other Assets, Net | 12 Months Ended
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Dec. 31, 2022
Prepaid Expense and Other Assets [Abstract] |
Prepaid Expenses and Other Assets, Net | Prepaid Expenses and Other Assets, Net Prepaid expenses and other assets, net consisted of the following (in thousands):
| December 31,
| 2022 |  | 2021
Construction contract costs in excess of billings, net | $ | 22,331 |  |  | $ | 22,384 |
Prepaid expenses | 21,058 |  |  | 20,058 |
Furniture, fixtures and equipment, net | 8,286 |  |  | 9,599 |
Non-real estate equity investments | 5,974 |  |  | 5,544 |
Net investment in sales-type leases | 5,666 |  |  | 6,194 |
Deferred financing costs, net (1) | 5,210 |  |  | 1,314 |
Deposits | 4,616 |  |  | 3,910 |
Restricted cash | 4,172 |  |  | 4,054 |
Interest rate derivatives | 2,631 |  |  | 355 |
Property - finance right-of-use assets | 2,207 |  |  | 2,238 |
Marketable securities in deferred compensation plan | 1,831 |  |  | 2,556 |
Deferred tax asset, net | 1,405 |  |  | 1,841 |
Other assets | 1,230 |  |  | 1,443 |
Prepaid expenses and other assets, net | $ | 86,617 |  |  | $ | 81,490 |
(1)Represents deferred costs, net of accumulated amortization, attributable to our Revolving Credit Facility and interest rate derivatives. Deferred tax asset, net reported above includes the following tax effects of temporary differences and carry forwards of our TRS (in thousands):
| December 31,
| 2022 |  | 2021
Operating loss carry forward | $ | 1,533 |  |  | $ | 1,835 |
Property | (128) |  |  | 30 |
Valuation allowance | — |  |  | (24) |
Deferred tax asset, net | $ | 1,405 |  |  | $ | 1,841 |
We recognize a valuation allowance on our deferred tax asset if we believe that all, or some portion, of the asset may not be realized. An increase or decrease in the valuation allowance resulting from a change in circumstances that causes a change in our judgment about the realizability of our deferred tax asset is included in income. We believe it is more likely than not that the results of future operations in our TRS will generate sufficient taxable income to realize our December 31, 2022 net deferred tax asset.

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