Other Assets

6 Months Ended

Jun. 30, 2012

Other Assets [Abstract]

Other Assets

NOTE 6. OTHER ASSETS

Other assets consist of the following (in thousands):

	June 30, 2012		December 31, 2011
Leasing commissions, net of accumulated amortization of $16,002 and $14,722, respectively	$	18,006	$	18,207
Acquired above market leases, net		14,148		16,771
Acquired in-place leases, net		26,984		28,888
Lease incentives, net of accumulated amortization of $2,035 and $1,850, respectively		1,665		1,850
Other intangible assets, net of accumulated amortization of $4,134 and $3,885, respectively		740		987
Debt issuance costs, net of accumulated amortization of $2,220 and $2,509, respectively		3,809		3,392
Purchase deposit		—		3,000
Prepaid expenses, deposits, and other		3,297		3,190
Total other assets	$	68,649	$	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).