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Other Assets and Other Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2013
Other Assets and Other Liabilities [Abstract] |
Schedule of deferred expenses and other assets, net | Deferred expenses and other assets, net, consist of the following items ($ in thousands):
| As of
| June 30, 2013 |  | December 31, 2012
Deferred financing fees, net(1) | $ | 33,929 |  |  | $ | 26,629 |
Leasing costs, net(2) | 20,277 |  |  | 20,205 |
Other receivables | 9,498 |  |  | 11,517 |
Prepaid expenses | 7,218 |  |  | 5,218 |
Corporate furniture, fixtures and equipment, net(3) | 6,947 |  |  | 7,537 |
Derivative asset | 2,471 |  |  | — |
Other assets | 23,357 |  |  | 22,884 |
Deferred expenses and other assets, net | $ | 103,697 |  |  | $ | 93,990 |
Explanatory Notes: _______________________________________________________________________________
(1) | Accumulated amortization on deferred financing fees was $4.9 million and $4.1 million as of June 30, 2013 and December 31, 2012, respectively.
(2) | Accumulated amortization on leasing costs was $5.6 million and $6.6 million as of June 30, 2013 and December 31, 2012, respectively.
(3) | Accumulated depreciation on corporate furniture, fixtures and equipment was $5.9 million and $6.2 million as of June 30, 2013 and December 31, 2012, respectively.
Schedule of accounts payable, accrued expenses and other liabilities | Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
| As of
| June 30, 2013 |  | December 31, 2012
Accrued interest payable | $ | 36,730 |  |  | $ | 29,521 |
Accrued expenses | 38,716 |  |  | 50,467 |
Property taxes payable | 10,573 |  |  | 8,206 |
Unearned operating lease income | 8,976 |  |  | 11,294 |
Security deposits and other investment deposits(1) | 5,133 |  |  | 13,717 |
Derivative liabilities | 2,043 |  |  | 3,435 |
Other liabilities | 10,588 |  |  | 15,820 |
Accounts payable, accrued expenses and other liabilities | $ | 112,759 |  |  | $ | 132,460 |
Explanatory Note: _______________________________________________________________________________
(1) | During the six months ended June 30, 2013, $8.9 million of restricted cash collateralizing a letter of credit related to one of the Company's loan investments was disbursed.
Schedule of deferred tax assets and liabilities | Deferred tax assets and liabilities of the Company's TRS entities were as follows ($ in thousands):
| As of
| June 30, 2013 |  | December 31, 2012
Deferred tax assets(1) | $ | 51,473 |  |  | $ | 40,800 |
Valuation allowance | (51,473 | ) |  | (40,800 | )
Net deferred tax assets (liabilities) | $ | — |  |  | $ | — |
Explanatory Note: _______________________________________________________________________________
(1) | Deferred tax assets as of June 30, 2013, include real estate basis differences of $32.0 million, net operating loss carryforwards of $6.5 million, investment basis differences of $8.5 million and capital loss carryforwards of $4.3 million. Deferred tax assets as of December 31, 2012, include real estate basis differences of $31.2 million, net operating loss carryforwards of $10.8 million and investment basis differences of $(1.2) million.

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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://www.xbrl.org/2003/role/presentationRef -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=6877327&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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