Deferred expenses and other assets, net, consist of the following items ($ in thousands):⁽¹⁾

(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)

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 $10.2 million and $12.3 million as of December 31, 2021 and 2020, respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company’s consolidated statements of operations by $0.3 million, $0.2 million and $0.2 million for the years ended December 31, 2021, 2020 and 2019, respectively. These intangible lease assets are amortized over the remaining term of the lease. The amortization expense for in-place leases was $1.0 million, $0.2 million and $0.2 million for the years ended December 31, 2021, 2020 and 2019, respectively. These amounts are included in “Depreciation and amortization” in the Company’s consolidated statements of operations. As of December 31, 2021, the weighted average remaining amortization period for the Company’s intangible assets was approximately 5.9 years.

(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 years ended December 31, 2021, 2020 and 2019, the Company recognized $4.9 million, $4.7 million and $3.6 million, respectively, in “General and administrative” and $0.6 million, $0.6 million and $0.6 million, respectively, in “Real estate expense” in its consolidated statements of operations relating to operating leases.

(4)	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).

(5)	Accumulated amortization of leasing costs was $1.1 million and $1.7 million as of December 31, 2021 and 2020, respectively.

(6)	Accumulated depreciation on corporate furniture, fixtures and equipment was $14.8 million and $14.3 million as of December 31, 2021 and 2020, respectively.

Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):⁽¹⁾


	As of
	December 31, 2021		December 31, 2020
Other liabilities⁽²⁾	$	30,362		44,569
Accrued expenses		151,810		93,186
Operating lease liabilities (see table above)		23,267		26,212
Accrued interest payable		31,293		30,994
Accounts payable, accrued expenses and other liabilities	$	236,732	$	194,961

(1)	Certain items have been reclassified to “Liabilities associated with real estate held for sale and classified as discontinued operations” (refer to Note 3).

(2)	As of December 31, 2021 and 2020, "Other liabilities" includes $20.1 million and $27.0 million, respectively, of deferred income. As of December 31, 2021 and 2020, other liabilities includes $0.1 million and $1.0 million, respectively, of expected credit losses for unfunded loan commitments.

Intangible assets—The estimated expense from the amortization of intangible assets for each of the five succeeding fiscal years is as follows ($ in thousands):


Year	Amount
2022	$	212
2023		212
2024		203
2025		175
2026		222