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Other Assets
12 Months Ended
Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets
Other Assets
Other assets consisted of the following (in thousands):
 
December 31, 2018
 
December 31, 2017
Prepaid expenses
$
31,983

 
$
13,040

Refundable fees and other deposits
12,376

 
16,012

Development rights, held for future use or sale
845

 
2,569

Deferred loan costs
2,424

 
3,427

Operating properties and equipment, net
54,198

 
10,528

Other
3,425

 
2,494

Total
$
105,251

 
$
48,070


    
Operating properties and equipment, net was impacted by our one-time cumulative adjustment resulting from the adoption of ASC 606. As a result of our cumulative adjustment, the December 31, 2017 balance increased by $39.5 million on January 1, 2018. For further details, see Note 1, Organization and Summary of Significant Accounting Policies.