Other Assets and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

The following table summarizes our other assets, net of amortization and depreciation, if applicable, at December 31 (in thousands):

	2019		2018
Rent leveling	$	404,516	$	346,116
Leasing commissions		381,013		346,852
Acquired lease intangibles		314,179		450,690
Value added taxes receivable		120,923		97,047
Prepaid assets		109,676		108,581
Fixed assets		107,468		112,211
Accounts receivable		85,835		107,141
Other notes receivable		35,308		35,338
Management contracts		14,888		16,257
Derivative assets		13,266		22,731
Deferred income taxes		4,595		8,767
Other		120,190		124,188
Total	$	1,711,857	$	1,775,919

Schedule of Other Liabilities

The following table summarizes our other liabilities, net of amortization, if applicable, at December 31 (in thousands):

	2019		2018
Tenant security deposits	$	269,841	$	240,467
Unearned rents		106,152		86,083
Income tax liabilities		65,652		59,766
Environmental liabilities		63,577		88,863
Acquired lease intangibles		58,525		76,087
Liabilities associated with assets held for sale or contribution		41,994		12,972
Indemnification liability		39,830		36,476
Derivative liabilities		23,851		8,159
Deferred income		11,971		10,088
Value added taxes payable		10,036		11,037
Other		186,172		136,448
Total	$	877,601	$	766,446

Schedule of Amortization Expense and Rental Revenues

The following table summarizes the expected future amortization of leasing commissions and forgone rent (included in acquired lease intangibles) into amortization expense and above and below market leases (included in acquired lease intangibles) and rent leveling net assets into rental revenues, all based on the balances at December 31, 2019 (in thousands):

	Amortization Expense		Net Decrease (Increase) to Rental Revenues
2020	$	170,807	$	(16,377	)
2021		134,137		20,076
2022		104,372		41,895
2023		79,452		49,773
2024		56,699		46,305
Thereafter		125,877		228,167
Total	$	671,344	$	369,839