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Other Assets and Other Liabilities | 12 Months Ended
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Dec. 31, 2014
Other Assets and Other Liabilities [Abstract] |
Other Assets and Other Liabilities | Other Assets and Other Liabilities Deferred expenses and other assets, net, consist of the following items ($ in thousands):
| As of December 31,
| 2014 |  | 2013
Intangible assets, net(1) | $ | 50,088 |  |  | $ | 100,652 |
Other assets | 37,085 |  |  | 40,726 |
Deferred financing fees, net(2) | 36,774 |  |  | 33,591 |
Leasing costs, net(3) | 20,031 |  |  | 21,799 |
Other receivables | 13,115 |  |  | 34,655 |
Corporate furniture, fixtures and equipment, net(4) | 5,409 |  |  | 6,557 |
Deferred expenses and other assets, net | $ | 162,502 |  |  | $ | 237,980 |
Explanatory Notes: _______________________________________________________________________________
(1) | Intangible assets, net are primarily related to the acquisition of real estate assets. Accumulated amortization on intangible assets was $45.1 million and $38.1 million as of December 31, 2014 and 2013, respectively. The amortization of above market leases decreased operating lease income on the Company's Consolidated Statements of Operations by $7.7 million, $7.0 million and $5.8 million for the years ended December 31, 2014, 2013, and 2012, respectively. The amortization expense for other intangible assets was $6.7 million, $8.2 million and $7.0 million for the years ended December 31, 2014, 2013, and 2012, respectively. These amounts are included in "Depreciation and amortization" on the Company's Consolidated Statements of Operations.
(2) | Accumulated amortization on deferred financing fees was $15.4 million and $9.9 million as of December 31, 2014 and 2013, respectively.
(3) | Accumulated amortization on leasing costs was $9.0 million and $7.1 million as of December 31, 2014 and 2013, respectively.
(4) | Accumulated depreciation on corporate furniture, fixtures and equipment was $7.1 million and $6.2 million as of December 31, 2014 and 2013, respectively.
Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
| As of December 31,
| 2014 |  | 2013
Accrued expenses | $ | 62,866 |  |  | $ | 58,840 |
Accrued interest payable | 57,895 |  |  | 40,015 |
Other liabilities(1) | 48,256 |  |  | 45,753 |
Intangible liabilities, net(2) | 11,885 |  |  | 26,223 |
Accounts payable, accrued expenses and other liabilities | $ | 180,902 |  |  | $ | 170,831 |
Explanatory Notes: _______________________________________________________________________________
(1) | As of December 31, 2014, "Other liabilities" includes $6.8 million related to a profit sharing payable to a developer for residential units sold. "Other liabilities" also includes $7.7 million related to tax increment financing ("TIF") bonds which were issued by a governmental entity to fund the installation of infrastructure within one of the Company's master planned community developments. The balance represents a special assessment associated with each individual land parcel, which will decrease as the Company sells parcels.
(2) | Intangible liabilities, net are primarily related to the acquisition of real estate assets. Accumulated amortization on intangible liabilities was $6.2 million and $4.6 million as of December 31, 2014 and 2013, respectively. The amortization of intangible liabilities increased operating lease income on the Company's Consolidated Statements of Operations by $2.5 million, $2.8 million and $1.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.
Intangible assets and liabilities—The estimated aggregate amortization costs of lease intangible assets and liabilities for each of the five succeeding fiscal years are as follows ($ in thousands):
2015 | $ | 5,929 |
2016 | 5,677 |
2017 | 5,308 |
2018 | 4,987 |
2019 | 4,830 |

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