INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2013

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS

Intangible Assets, Net consists of the following:

	June 30, 2013			December 31, 2012
Finite-Lived Intangible Assets / Contractual Rights	$	1,536,244		$	1,536,244
Accumulated Amortization		(982,201	)		(937,709	)
Intangible Assets, Net	$	554,043		$	598,535

Amortization expense associated with Blackstone’s intangible assets was $21.6 million and $44.5 million for the three and six month periods ended June 30, 2013, respectively, and $36.7 million and $84.8 million for the three and six month periods ended June 30, 2012, respectively.

Amortization of Intangible Assets held at June 30, 2013 is expected to be $88.1 million, $83.5 million, $77.1 million, $72.8 million, and $46.4 million for each of the years ending December 31, 2013, 2014, 2015, 2016, and 2017, respectively. Blackstone’s intangible assets as of June 30, 2013 are expected to amortize over a weighted-average period of 8.2 years.