12. Supplemental Financial Statement Information

Other Assets

Griffin's other assets are comprised of the following:

	Nov. 30, 2015		Nov. 30, 2014
Deferred leasing costs	$	4,376	$	4,059
Deferred rent receivable		4,087		3,454
Prepaid expenses		2,157		2,133
Deferred financing costs		1,264		727
Mortgage escrows		629		1,073
Lease receivables		401		1,343
Intangible assets, net		305		506
Property and equipment, net		221		230
Other		309		957

Total other assets	$	13,749	$	14,482

Griffin's intangible assets relate to the acquisition of real estate assets in previous years and consist of: (i) the value of in-place leases; and (ii) the value of the associated relationships with tenants. Intangible assets are shown net of amortization of $714 and $1,251 on November 30, 2015 and November 30, 2014, respectively.

Amortization expense of intangible assets is as follows:

	For the Fiscal Years Ended,
	Nov. 30, 2015		Nov. 30, 2014		Nov. 30, 2013
Amortization expense	$	201	$	178	$	171

Estimated amortization expense of intangible assets over each of the next five fiscal years is:

2016	$	58
2017		27
2018		27
2019		27
2020		27

Property and equipment, net reflects accumulated depreciation of $996 and $988 as of November 30, 2015 and November 30, 2014, respectively. Total depreciation expense related to property and equipment in fiscal 2015, fiscal 2014 and fiscal 2013 was $86, $111 and $335, respectively.

Deferred Revenue on Land Sale

Included in deferred revenue on Griffin's consolidated balance sheet as of November 30, 2015 is approximately $712 related to the Windsor Land Sale that will be recognized as road construction required by the terms of the Windsor Land Sale is completed (see Note 3).

Accounts Payable and Accrued Liabilities

Griffin's accounts payable and accrued liabilities are comprised of the following:

	Nov. 30, 2015		Nov. 30, 2014
Accrued construction costs and retainage	$	1,278	$	1,910
Accrued salaries, wages and other compensation		615		242
Trade payables		422		670
Accrued interest payable		355		312
Other		678		371

	$	3,348	$	3,505

Other Liabilities

Griffin's other liabilities are comprised of the following:

	Nov. 30, 2015		Nov. 30, 2014
Deferred compensation plan	$	3,981	$	3,784
Interest rate swap agreements		2,766		2,330
Prepaid rent from tenants		944		690
Conditional asset retirement obligation		288		288
Security deposits		286		224
Other		107		130

	$	8,372	$	7,446

Supplemental Cash Flow Information

Increases of $46, $285 and $480 in fiscal 2015, fiscal 2014 and fiscal 2013, respectively, in the fair value of Griffin's Investment in Centaur Media reflect the mark to market adjustment of this investment and did not affect Griffin's cash.

Accounts payable and accrued liabilities related to additions to real estate assets decreased by $632 in fiscal 2015 and increased by $1,097 in fiscal 2014.

Griffin received income tax refunds of $61 and $56 in fiscal 2014 and fiscal 2013, respectively. Interest payments in fiscal 2015, fiscal 2014 and fiscal 2013 were $4,180, $3,860 and $3,664, respectively, including capitalized interest of $777, $580 and $71 in fiscal 2015, fiscal 2014 and fiscal 2013, respectively.