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Other Assets
3 Months Ended
Mar. 31, 2015
Other Assets.  
Other Assets

NOTE 10.  Other Assets

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

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

    

2015

    

2014

 

Straight-line rent assets, net of allowance of $34,231 and $34,182, respectively 

 

$

359,311 

 

$

355,864 

 

Marketable debt securities, net 

 

 

221,379 

 

 

231,442 

 

Leasing costs and inducements, net 

 

 

158,347 

 

 

146,500 

 

Deferred financing costs, net 

 

 

52,597 

 

 

47,592 

 

Goodwill 

 

 

50,346 

 

 

50,346 

 

Other

 

 

166,917 

 

 

108,428 

 

Total other assets 

 

$

1,008,897 

 

$

940,172 

 

 

At March 31, 2015, other assets include a $37 million deposit related to the pending Portfolio acquisition from Chartwell Retirement Residences (see Note 4). At March 31, 2015 and December 31, 2014, other assets include a non-interest bearing short-term receivable of $22 million and $26 million, respectively, from Brookdale payable in eight quarterly installments. At March 31, 2015 and December 31, 2014, other assets include a loan receivable of $17 million and $15 million, respectively, from HCP Ventures IV, LLC, an unconsolidated joint venture (see Note 8) with an interest rate of 12% which matures in May 2016. The loan is senior to equity distributions to the Company’s joint venture partner.

 

Marketable debt securities, net primarily represent senior unsecured notes that mature in June 2020 and are non-callable through June 2016. These senior unsecured notes are accounted for as marketable debt securities and classified as held-to-maturity.