v3.25.4

Other Assets, Net | 12 Months Ended
--- | ---
Dec. 31, 2025
Other Assets, Net |
Other Assets, Net | 9. Other Assets, Net The following table summarizes other assets, net: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
​ | ​ | (In thousands)
Prepaid expenses | ​ | $ | 9,648 | ​ | $ | 10,834
Derivative financial instruments, at fair value | ​ | ​ | 13,094 | ​ | ​ | 25,682
Deferred financing costs, net | ​ |  | 4,362 | ​ |  | 7,280
Operating lease right-of-use assets | ​ | ​ | 41,491 | ​ | ​ | 44,034
Investments in funds (1) | ​ | ​ | 30,555 | ​ | ​ | 27,665
Other investments (2) | ​ | ​ | 13,828 | ​ | ​ | 11,343
Other | ​ |  | 4,309 | ​ |  | 4,480
Total other assets, net | ​ | $ | 117,287 | ​ | $ | 131,318
(1) | Consists of investments in real estate-focused technology companies which are recorded at their fair value based on their reported net asset value. The following table summarizes unrealized and realized gains (losses), which were included in "Interest and other income, net" in our consolidated statements of operations:
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ | 2023
​ | ​ | (In thousands)
Unrealized gains | ​ | $ | 1,504 | ​ | $ | 4,848 | ​ | $ | 1,254
Realized gains (losses) | ​ | ​ | 425 | ​ | ​ | (1,328) | ​ | ​ | (758)
​
(2) | Primarily consists of equity investments in the Washington Housing Initiative ("WHI") Impact Pool and the LEO Impact Housing Fund. See Note 22 for additional information.

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration