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Other Assets, Net
3 Months Ended
Mar. 31, 2018
Other Assets, Net [Abstract]  
Other Assets, Net
5. Other Assets, Net
Other assets, net consisted of the following as of March 31, 2018 and December 31, 2017:
 
March 31,
2018
 
December 31,
2017
Deferred rent receivables
$
2,546,000

 
$
1,912,000

Prepaid expenses and deposits
1,696,000

 
1,532,000

Deferred financing costs, net of accumulated amortization of $772,000 and $554,000 as of March 31, 2018 and December 31, 2017, respectively(1)
1,238,000

 
1,456,000

Lease commissions, net of accumulated amortization of $17,000 and $9,000 as of March 31, 2018 and December 31, 2017, respectively
320,000

 
326,000

 
$
5,800,000

 
$
5,226,000


___________
(1)
In accordance with ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, or ASU 2015-03, and ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, or ASU 2015-15, deferred financing costs, net only include costs related to the Corporate Line of Credit, as defined in Note 7, Line of Credit and Term Loan.
Amortization expense on deferred financing costs of the Corporate Line of Credit for the three months ended March 31, 2018 and 2017 was $218,000 and $87,000, respectively. Amortization expense on deferred financing costs of the Corporate Line of Credit is recorded to interest expense in our accompanying condensed consolidated statements of operations. Amortization expense on lease commissions for the three months ended March 31, 2018 and 2017 was $8,000 and $0, respectively.