Other Assets

9 Months Ended

Sep. 30, 2012

Other Assets [Abstract]

Other Assets

NOTE 6. OTHER ASSETS

Other assets consist of the following (in thousands):

	September 30, 2012		December 31, 2011
Leasing commissions, net of accumulated amortization of $17,107 and $14,722, respectively	$	19,906	$	18,207
Acquired above market leases, net		12,796		16,771
Acquired in-place leases, net		36,047		28,888
Lease incentives, net of accumulated amortization of $2,128 and $1,850, respectively		1,573		1,850
Other intangible assets, net of accumulated amortization of $4,208 and $3,885, respectively		973		987
Debt issuance costs, net of accumulated amortization of $2,476 and $2,509, respectively		3,561		3,392
Purchase deposit		2,000		3,000
Prepaid expenses, deposits, and other		4,950		3,190
Total other assets	$	81,806	$	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 income. The purchase deposit at December 31, 2011 relates to the acquisition of One Beach Street in San Francisco, California, which was completed on January 24, 2012 (Note 2). The purchase deposit at September 30, 2012 relates to the pending acquisition of Geary Marketplace in Walnut Creek, California (Note 2).