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Prepaid Expenses and Other Assets, net | 6 Months Ended
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Jun. 30, 2024
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:
| June 30, 2024 |  | December 31, 2023
Non-real estate investments | $ | 47,557 |  |  | $ | 48,581 |
Deferred tax assets, net | 1,999 |  |  | 2,412 |
Interest rate derivative assets | 12,564 |  |  | 6,441 |
Deferred financing costs, net | 3,240 |  |  | 4,316 |
Prepaid property tax | — |  |  | 2,075 |
Prepaid insurance | 20,394 |  |  | 10,611 |
Other | 23,295 |  |  | 19,709 |
PREPAID EXPENSES AND OTHER ASSETS, NET | $ | 109,049 |  |  | $ | 94,145 |
Non-Real Estate Investments 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 un realized (loss) gain o n non-real estate investments on the Consolidated Statements of Operations. During the three and six months ended June 30, 2024, the Company recognized an unrealized loss of $1.0 million and $1.9 million, respectively, on its non-real estate investments due to the changes in fair value. During the three and six months ended June 30, 2023, the Company recognized an unrealized loss of $0.8 million and an unrealized gain of $16.8 thousand, respectively, on its non-real estate investments due to the changes in fair value.

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