Prepaid Expenses And Other Assets

9 Months Ended

Sep. 30, 2011

Prepaid Expenses And Other Assets [Abstract]

Prepaid Expenses And Other Assets

NOTE 7. PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other assets consist of the following:

	September 30, 2011		December 31, 2010
	(In thousands)
Leasing commissions, net of accumulated amortization of $13,955 and $13,136, respectively	$	17,782	$	10,724
Acquired above market leases, net		18,720		12,124
Acquired in-place leases, net		31,502		10,207
Lease incentives, net of accumulated amortization of $1,757 and $1,480, respectively		1,943		2,220
Other intangible assets, net of accumulated amortization of $3,174 and $1,325, respectively		1,732		364
Debt issuance costs, net of accumulated amortization of $2,203 and $2,683, respectively		3,698		2,209
Prepaid expenses, deposits, and other		1,744		5,870
Total prepaid expenses and other assets	$	77,121	$	43,718

Lease incentives are amortized over the term of the related lease and included as a reduction of rental income in the statement of operations. Prepaid expenses and deposits included $5.3 million in costs related to the Offering at December 31, 2010, which were recorded as a reduction of capital at the time of the Offering.