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Prepaid Expenses and Other Assets, net
6 Months Ended
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, 2024December 31, 2023
Non-real estate investments$47,557 $48,581 
Deferred tax assets, net1,999 2,412 
Interest rate derivative assets12,564 6,441 
Deferred financing costs, net3,240 4,316 
Prepaid property tax— 2,075 
Prepaid insurance20,394 10,611 
Other23,295 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 unrealized (loss) gain on 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.