Other Assets

Other assets consisted of the following (in thousands) as of:



	September 30, 2014		December 31, 2013

Deferred loan costs, net of accumulated amortization of $12,256 and $9,395 at September 30, 2014 and December 31, 2013, respectively ⁽¹⁾	$	15,096	$	17,745
Note receivable⁽²⁾	27,500		—
Restricted cash	194		194
Prepaid expenses	8,749		5,747
Other indefinite-lived intangible	1,988		1,988
Deposits in escrow	4,550		—
Insurance receivable⁽³⁾	2,270		—
Other	3,878		2,933
Total other assets	$	64,225	$	28,607

__________________________________________________________________________________


(1)	We recognized deferred loan cost amortization expense of $1.0 million and $0.9 million for the three months ended September 30, 2014 and 2013, respectively, and $3.0 million and $3.0 million for the nine months ended September 30, 2014 and 2013, respectively. Deferred loan cost amortization is included as a component of interest expense in our consolidated statements of operations.


(2)	On February 28, 2014, we loaned $27.5 million to the owner of the land underlying one of our office properties. The loan carries interest of 4.9%, is currently due and payable in 2015, and is secured by that land.

(3)

During the three and nine months ended September 30, 2014, we recognized approximately $1.3 million and $6.1 million, respectively, in other income for property repairs, as well as $214 thousand and $684 thousand, respectively, in multifamily rental revenues for lost rental income, and $202 thousand and $654 thousand, respectively, in other expenses for other recoverable expenses, all related to insurance recoveries with respect to a fire at one of our residential properties. At September 30, 2014, we had received cash of $5.2 million, and included in other assets an additional receivable of $2.3 million, the payment which has been confirmed by the insurance companies.