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Other Assets, net (Tables)
3 Months Ended
Mar. 31, 2020
Other Assets [Abstract]  
Components of Other Assets

Other assets consist of the following (in thousands):  

 

March 31, 2020

 

 

December 31, 2019

 

Intangible assets:

 

 

 

 

 

 

 

In-place leases, net

$

23,150

 

 

$

25,114

 

Above-market leases, net

 

2,956

 

 

 

3,193

 

Lease origination costs

 

3,431

 

 

 

3,720

 

Tenant relationships, net

 

24,488

 

 

 

25,994

 

Total intangible assets, net(A)

 

54,025

 

 

 

58,021

 

Operating lease ROU assets

 

22,013

 

 

 

21,792

 

Notes receivable(B)

 

 

 

 

7,541

 

Other assets:

 

 

 

 

 

 

 

Prepaid expenses

 

10,826

 

 

 

6,104

 

Other assets

 

3,329

 

 

 

2,959

 

Deposits

 

3,792

 

 

 

4,087

 

Deferred charges, net

 

7,629

 

 

 

8,127

 

Total other assets, net

$

101,614

 

 

$

108,631

 

 

 

 

 

 

 

 

 

Below-market leases, net (other liabilities)

$

45,700

 

 

$

46,961

 

 

(A)

The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $3.8 million and $5.0 million for the three months ended March 31, 2020 and 2019, respectively.

 

(B)

Repaid in full in the first quarter of 2020.