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Other Assets (Tables)
9 Months Ended
Sep. 30, 2013
Other Assets.  
Schedule of other assets

The Company’s other assets consisted of the following (in thousands):

 

 

 

September 30,

 

December 31,

 

 

 

2013

 

2012

 

Straight-line rent assets, net of allowance of $34,123 and $33,521, respectively

 

$

358,514

 

$

306,294

 

Marketable debt securities, net(1) 

 

238,834

 

222,809

 

Leasing costs, net

 

98,406

 

93,763

 

Deferred financing costs, net

 

37,379

 

45,490

 

Goodwill

 

50,346

 

50,346

 

Marketable equity securities

 

 

24,829

 

Other(2)

 

52,518

 

44,989

 

Total other assets

 

$

835,997

 

$

788,520

 

 

(1)          Includes £137 million ($222 million and $223 million at September 30, 2013 and December 31, 2012, respectively) of Four Seasons senior unsecured notes translated into U.S. dollars (see below for additional information).

(2)          Includes a $5.4 million allowance for losses related to accrued interest receivable on the Delphis loan, which accrued interest is included in other assets. At both September 30, 2013 and December 31, 2012, the carrying value of interest accrued related to the Delphis loan was zero. See Note 6 for additional information about the Delphis loan and the related impairment. At both September 30, 2013 and December 31, 2012, includes a loan receivable of $10 million from HCP Ventures IV, LLC, an unconsolidated joint venture (see Note 7 for additional information) with an interest rate of 12% which matures in May 2014. The loan is secured by HCP’s joint venture partner’s 80% partnership interest in the joint venture.