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Escrow Deposits, Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Escrow Deposits, Prepaid Expenses and Other Assets

Escrow Deposits, Prepaid Expenses and Other Assets

    The following table summarizes the components of escrow deposits, prepaid expenses and other assets as of December 31, 2020 and 2019 (in thousands):

			December 31, 2020						December 31, 2019
Escrow deposits, prepaid expenses and other			$	51,886					$	50,709
Deferred costs and other intangibles, net			4,864						6,840
Notes receivable, net			35,519						36,834
Operating lease ROU assets			18,772						3,836
Commercial real estate, software, vehicles and FF&E, net			52,130						42,742
Total			$	163,171					$	140,961

    Depreciation expense related to commercial real estate, software, vehicles and furniture, fixtures and equipment (“FF&E”), net was $8.9 million, $7.6 million and $7.0 million for the years ended December 31, 2020, 2019 and 2018, respectively.

Deferred Costs and Other Intangibles, Net

    Deferred costs and other intangibles, net, consisted of the following as of December 31, 2020 and 2019 (in thousands):

			December 31, 2020						December 31, 2019
Deferred leasing costs			$	3,782					$	3,738
Deferred financing costs			11,244						11,244
Database intangible asset			—						2,100
			15,026						17,082
Less: accumulated amortization			(10,162)						(10,242)
Total			$	4,864					$	6,840

    Amortization expense related to deferred leasing costs, the value of in-place leases, and database intangibles was $4.1 million, $8.0 million and $11.0 million for the years ended December 31, 2020, 2019 and 2018, respectively, and was included in depreciation and amortization within the consolidated statements of operations. Amortization of deferred financing costs that relate to our revolving credit facility was $2.0 million for each of the years ended December 31, 2020, 2019 and 2018 and was included in gross interest, prior to interest capitalization (see Note 7. Debt).

    The following table sets forth the estimated annual amortization expense related to deferred costs and other intangibles, net as of December 31, 2020 for future periods (in thousands):

			Deferred Leasing Costs						Deferred Financing Costs																		Total
2021			$	1,932					$	1,964																	$	3,896
2022			—						968																		968
Total			$	1,932					$	2,932																	$	4,864

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- References

No definition available.

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- Definition

Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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