Other Assets, net

12 Months Ended

Dec. 31, 2019

Other Assets [Abstract]

Other Assets, net

6. Other Assets, net

Other assets consist of the following (in thousands):  

	December 31,
	2019		2018
Intangible assets:
In-place leases, net	$	25,114	$	30,703
Above-market leases, net		3,193		6,833
Lease origination costs		3,720		4,045
Tenant relationships, net		25,994		35,838
Total intangible assets, net(A)		58,021		77,419
Operating lease ROU assets(B)		21,792		—
Notes receivable(C)		7,541		19,675
Other assets:
Prepaid expenses		6,104		5,372
Other assets		2,959		3,612
Deposits		4,087		4,384
Deferred charges, net		8,127		5,767
Total other assets, net	$	108,631	$	116,229
Below-market leases, net (other liabilities)(A)	$	46,961	$	50,332

(A) In the event a tenant terminates its lease prior to the contractual expiration, the unamortized portion of the related intangible asset or liability is adjusted to reflect the updated lease term.

(B) Operating lease ROU assets are discussed further in Notes 1 and 7.

(C) Includes accrued interest.  Notes are collateralized by certain rights in a real estate asset, which is subordinate to other financings.  At December 31, 2019, the Company’s loan outstanding had a maturity date of June 2023 at an interest rate of 9.0%.

Amortization expense related to the Company’s intangibles, excluding above- and below-market leases, was as follows (in millions):

Year	Expense
2019	$	17.7
2018		34.2
2017		60.7

Estimated net future amortization associated with the Company’s intangibles is as follows (in millions):

Year	Income		Expense
2020	$	4.0	$	13.4
2021		4.0		10.2
2022		4.0		8.1
2023		3.9		6.2
2024		3.6		4.5