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Prepaid Expenses and Other Assets, net
 9 Months Ended
Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Assets, net Prepaid Expenses and Other Assets, net    
The following table summarizes the Company’s prepaid expenses and other assets, net as of:
September 30, 2023December 31, 2022
Non-real estate investments48,833 47,329 
Deferred tax asset, net4,769 5,317 
Interest rate derivative assets19,559 9,292 
Deferred financing costs, net4,327 5,824 
Inventory5,954 4,914 
Prepaid property tax3,475 2,041 
Prepaid insurance17,422 6,530 
Stock purchase warrant2 95 
Other15,153 17,495 
PREPAID EXPENSES AND OTHER ASSETS, NET$119,494 $98,837 

Non-Real Estate Investments

The Company measures its investments in common stock and convertible preferred stock at fair value based on Level 1 and Level 2 inputs, respectively. The Company measures its investments in funds that do not have a readily determinable fair value using the Net Asset Value (“NAV”) practical expedient and uses NAV reported without adjustment unless it is aware of information indicating the NAV reported does not accurately reflect the fair value of the investment. Changes in the fair value of these non-real estate investments are included in unrealized loss on non-real estate investments on the Consolidated Statements of Operations. The Company recognized an unrealized loss of $2.2 million on its non-real estate investments due to the observable changes in fair value during the three and nine months ended September 30, 2023. The Company recognized an unrealized loss of $0.7 million and an unrealized gain of $0.5 million on its non-real estate investments due to the observable changes in fair value during the three and nine months ended September 30, 2022, respectively.

Stock Purchase Warrants
The Company holds investments in stock purchase warrants that give the Company rights to purchase a fixed number of shares of common stock of a non-real estate investee. The warrants meet the definition of a derivative and are measured at fair value based on Level 2 inputs. Changes in the fair value of the derivative assets are included in unrealized loss on non-real estate investments on the Consolidated Statements of Operations. The Company recognized an unrealized loss of $0.1 million due to the change in the fair value of the stock purchase warrants during the three and nine months ended September 30, 2023. The Company recognized an unrealized loss of $0.2 million and $1.6 million due to the change in the fair value of the stock purchase warrant during the three and nine months ended September 30, 2022, respectively.