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Other Assets and Other Liabilities | 6 Months Ended
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Jun. 30, 2022
Other Assets and Other Liabilities [Abstract] |
Other Assets and Other Liabilities | Note 9—Other Assets and Other Liabilities Deferred expenses and other assets, net, consist of the following items ($ in thousands):(1)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​
​ |  | June 30, 2022 |  | December 31, 2021 | ​
Other assets(2) | ​ | $ | 19,006 | ​ | $ | 16,040 | ​
Operating lease right-of-use assets(3) | ​ |  | 18,101 | ​ |  | 20,437 | ​
Restricted cash | ​ |  | 5,179 | ​ |  | 54,395 | ​
Other receivables | ​ |  | 3,739 | ​ |  | 5,054 | ​
Corporate furniture, fixtures and equipment, net(4) | ​ |  | 1,696 | ​ |  | 1,852 | ​
Leasing costs, net(5) | ​ |  | 665 | ​ |  | 818 | ​
Intangible assets, net(6) | ​ | ​ | 350 | ​ | ​ | 1,209 | ​
Deferred financing fees, net | ​ |  | 204 | ​ |  | 629 | ​
Deferred expenses and other assets, net | ​ | $ | 48,940 | ​ | $ | 100,434 | ​
(1) | Certain items have been reclassified to “Real estate and other assets available and held for sale and classified as discontinued operations” (refer to Note 3).
(2) | Other assets primarily includes prepaid expenses, deposits for certain real estate assets and management fees and expense reimbursements due from SAFE (refer to Note 8).
(3) | Right-of-use lease assets relate primarily to the Company’s leases of office space. Right-of use lease assets initially equal the lease liability. For operating leases, rent expense is recognized on a straight-line basis over the term of the lease and is recorded in “General and administrative” and “Real estate expense” in the Company’s consolidated statements of operations. During the three months ended June 30, 2022 and 2021, the Company recognized $1.2 million and $1.2 million, respectively, in "General and administrative" and $0.3 million and $0.2 million, respectively, in "Real estate expense" in its consolidated statements of operations relating to operating leases. During the six months ended June 30, 2022 and 2021, the Company recognized $2.4 million and $2.5 million, respectively, in "General and administrative" and $0.4 million and $0.3 million, respectively, in "Real estate expense" in its consolidated statements of operations relating to operating leases.
(4) | Accumulated depreciation on corporate furniture, fixtures and equipment was $12.0 million and $14.8 million as of June 30, 2022 and December 31, 2021, respectively.
(5) | Accumulated amortization of leasing costs was $0.4 million and $1.1 million as of June 30, 2022 and December 31, 2021, respectively.
(6) | Intangible assets, net includes above market and in-place lease assets and lease incentives related to the acquisition of real estate assets. Accumulated amortization on intangible assets, net was $0.1 million and $10.2 million as of June 30, 2022 and December 31, 2021, respectively. These intangible lease assets are amortized over the remaining term of the lease. The amortization expense for in-place leases for the three and six months ended June 30, 2021 was $0.1 million and $0.7 million, respectively. This amount is included in “Depreciation and amortization” in the Company’s consolidated statements of operations. As of June 30, 2022, the weighted average remaining amortization period for the Company’s intangible assets was approximately 5.4 years.
Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​
​ |  | June 30, 2022 |  | December 31, 2021 | ​
Accrued expenses | ​ | $ | 65,760 | ​ | $ | 151,810 | ​
Accrued interest payable | ​ |  | 27,556 | ​ |  | 31,293 | ​
Other liabilities(1) | ​ | ​ | 27,120 | ​ | ​ | 30,362 | ​
Operating lease liabilities (see table above) | ​ |  | 20,355 | ​ |  | 23,267 | ​
Accounts payable, accrued expenses and other liabilities | ​ | $ | 140,791 | ​ | $ | 236,732 | ​
(1) | As of June 30, 2022 and December 31, 2021, other liabilities includes $20.2 million and $20.1 million, respectively, of deferred income. As of December 31, 2021, other liabilities includes $0.1 million of expected credit losses for unfunded loan commitments.

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