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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2017
INTANGIBLE ASSETS
3. INTANGIBLE ASSETS

Intangible Assets, Net consists of the following:

 

     March 31,
2017
     December 31,
2016
 

Finite-Lived Intangible Assets/Contractual Rights

   $ 1,400,876      $ 1,400,876  

Accumulated Amortization

     (1,149,236      (1,138,272
  

 

 

    

 

 

 

Intangible Assets, Net

   $ 251,640      $ 262,604  
  

 

 

    

 

 

 

Amortization expense associated with Blackstone’s intangible assets was $11.0 million for the three months ended March 31, 2017 and $22.8 million for the three months ended March 31, 2016.

Amortization of Intangible Assets held at March 31, 2017 is expected to be $43.9 million, $43.8 million, $43.8 million, $43.8 million, and $43.8 million for each of the years ending December 31, 2017, 2018, 2019, 2020, and 2021, respectively. Blackstone’s intangible assets as of March 31, 2017 are expected to amortize over a weighted-average period of 5.9 years.