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Other Assets, Net
6 Months Ended
Jun. 30, 2017
Other Assets [Abstract]  
Other Assets, Net

5.

Other Assets, Net

Other assets consist of the following (in thousands):  

 

 

June 30, 2017

 

 

December 31, 2016

 

Intangible assets:

 

 

 

 

 

 

 

In-place leases, net

$

87,231

 

 

$

99,600

 

Above-market leases, net

 

17,482

 

 

 

20,405

 

Lease origination costs

 

11,823

 

 

 

12,931

 

Tenant relations, net

 

100,066

 

 

 

108,662

 

Total intangible assets, net(A)

 

216,602

 

 

 

241,598

 

Other assets:

 

 

 

 

 

 

 

Prepaid expenses

 

25,232

 

 

 

26,842

 

Other assets

 

2,310

 

 

 

6,274

 

Deposits

 

5,950

 

 

 

5,965

 

Deferred charges, net

 

4,041

 

 

 

4,731

 

Total other assets, net

$

254,135

 

 

$

285,410

 

(A)

The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $16.0 million and $21.3 million for the three months ended June 30, 2017 and 2016, respectively, and $32.6 million and $40.8 million for the six months ended June 30, 2017 and 2016, respectively.