Other Assets

3 Months Ended

Mar. 31, 2012

Other Assets [Abstract]

Other Assets

NOTE 6. OTHER ASSETS

Other assets consist of the following (in thousands):

	March 31, 2012		December 31, 2011
Leasing commissions, net of accumulated amortization of $15,686 and $14,722, respectively	$	18,186	$	18,207
Acquired above market leases, net		15,552		16,771
Acquired in-place leases, net		29,228		28,888
Lease incentives, net of accumulated amortization of $1,942 and $1,850, respectively		1,758		1,850
Other intangible assets, net of accumulated amortization of $4,075 and $3,885, respectively		812		987
Debt issuance costs, net of accumulated amortization of $1,964 and $2,509, respectively		4,065		3,392
Purchase deposit		—		3,000
Prepaid expenses, deposits, and other		4,860		3,190
Total other assets	$	74,461	$	76,285

Lease incentives are amortized over the term of the related lease and included as a reduction of rental income in the statement of operations. The purchase deposit at December 31, 2011 relates to the acquisition of One Beach Street, in San Francisco, California. Such acquisition was completed on January 24, 2012 (Note 2).