Other Assets and Other Liabilities

12 Months Ended

Dec. 31, 2022

10. Other Assets and Other Liabilities

Other Assets

The following table presents the components of the Company's other assets as of December 31, 2022 and 2021, respectively (dollar amounts in thousands):


	December 31, 2022		December 31, 2021
Restricted cash (1)	$	136,220	$	48,259
Accrued interest receivable	34,067		26,688
Real estate owned	18,588		2,055
Collections receivable from residential loan servicers	15,374		28,634
Other assets in consolidated multi-family properties	13,681		21,668
Recoverable advances on residential loans	13,979		14,143
Other receivables	11,357		14,507
Operating lease right-of-use assets	7,831		9,011
Deferred tax assets	2,671		6,282
Lease intangibles, net in consolidated multi-family properties (2)	—		39,769
Other	5,588		4,003
Total	$	259,356	$	215,019

(1)Restricted cash represents cash held by third parties, including cash held by the Company's securitization trusts and consolidated multi-family properties.

(2)In September 2022, the Company announced a repositioning of its business through the opportunistic disposition over time of the Company's joint venture equity investments in multi-family properties and reallocation of its capital away from such assets to its targeted assets. Accordingly, the Company determined that certain joint venture equity investments met the criteria to be classified as held for sale and transferred the other assets, including lease intangibles, of the respective Consolidated VIEs to assets and liabilities of disposal group held for sale in the accompanying consolidated balance sheets as of December 31, 2022. See Note 9 for additional information.

Other Liabilities

The following table presents the components of the Company's other liabilities as of December 31, 2022 and 2021, respectively (dollar amounts in thousands):


	December 31, 2022		December 31, 2021
Dividends and dividend equivalents payable	$	49,996	$	48,328
Accrued expenses	15,576		13,408
Accrued interest payable	10,629		9,051
Accrued expenses and other liabilities in consolidated multi-family properties	10,511		22,583
Advanced remittances from residential loan servicers	9,098		16,603
Operating lease liabilities	8,383		9,584
Deferred revenue	7,131		13,019
Unfunded commitments for residential loans	2,950		21,364
Deferred tax liabilities	394		6,681
Other	1,323		460
Total	$	115,991	$	161,081