Other Assets and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

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

	2020		2019
Acquired lease intangibles	$	726,821	$	314,179
Rent leveling		488,828		404,516
Leasing commissions		425,995		381,013
Accounts receivable		189,356		85,835
Value added taxes receivable		146,270		120,923
Prepaid assets		138,726		109,676
Fixed assets		117,700		107,468
Other notes receivable		44,751		35,308
Management contracts		13,610		14,888
Deferred income taxes		5,592		4,595
Derivative assets		1,667		13,266
Other		156,892		120,190
Total	$	2,456,208	$	1,711,857

Schedule of Other Liabilities

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

	2020		2019
Tenant security deposits	$	342,627	$	269,841
Acquired lease intangibles		197,807		58,525
Unearned rents		152,536		106,152
Income tax liabilities		86,210		65,652
Environmental liabilities		69,930		63,577
Indemnification liability		45,129		39,830
Derivative liabilities		36,482		23,851
Value added taxes payable		23,959		10,036
Liabilities associated with assets held for sale or contribution		16,214		41,994
Deferred income		15,437		11,971
Other		274,674		186,172
Total	$	1,261,005	$	877,601

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 above) into amortization expense and above and below market leases (included in acquired lease intangibles above) and rent leveling net assets into rental revenues, all based on the balances at December 31, 2020 (in thousands):

	Amortization Expense		Net Decrease (Increase) to Rental Revenues
2021	$	266,638	$	(39,910	)
2022		208,520		19,333
2023		159,608		48,081
2024		119,608		60,040
2025		87,538		60,778
Thereafter		211,129		242,474
Total	$	1,053,041	$	390,796