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Other Assets and Other Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2016
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 December 31,
| 2016 |  | 2015
Intangible assets, net(1) | $ | 63,098 |  |  | $ | 71,446 |
Other receivables(2) | 52,820 |  |  | 22,557 |
Other assets | 39,591 |  |  | 36,999 |
Restricted cash | 25,883 |  |  | 26,657 |
Leasing costs, net(3) | 12,566 |  |  | 19,393 |
Corporate furniture, fixtures and equipment, net(4) | 5,691 |  |  | 4,405 |
Deferred expenses and other assets, net | $ | 199,649 |  |  | $ | 181,457 |
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(1) | Intangible assets, net includes above market and in-place lease assets related to the acquisition of real estate assets. This balance also includes a lease incentive asset of $32.8 million (refer to Note 4). Accumulated amortization on intangible assets, net was $32.6 million and $37.3 million as of December 31, 2016 and 2015, respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $4.1 million, $6.7 million and $8.6 million for the years ended December 31, 2016, 2015, and 2014, respectively. These intangible lease assets are amortized over the term of the lease. The amortization expense for in-place leases was $1.9 million, $3.6 million and $6.7 million for the years ended December 31, 2016, 2015, and 2014, respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations.
(2) | As of December 31, 2016 and 2015, includes $26.0 million and $11.3 million, respectively, of receivables related to the construction and development of an amphitheater (refer to Note 5).
(3) | Accumulated amortization of leasing costs was $6.7 million and $9.8 million as of December 31, 2016 and 2015, respectively.
(4) | Accumulated depreciation on corporate furniture, fixtures and equipment was $9.0 million and $8.1 million as of December 31, 2016 and 2015, respectively.
Schedule of accounts payable, accrued expenses and other liabilities | Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
| As of December 31,
| 2016 |  | 2015
Other liabilities(1) | $ | 75,993 |  |  | $ | 80,332 |
Accrued expenses(2) | 72,693 |  |  | 68,937 |
Accrued interest payable | 54,033 |  |  | 55,081 |
Intangible liabilities, net(3) | 8,851 |  |  | 10,485 |
Accounts payable, accrued expenses and other liabilities | $ | 211,570 |  |  | $ | 214,835 |
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(1) | As of December 31, 2016 and 2015, "Other liabilities" includes $24.0 million and $14.5 million, respectively, related to profit sharing arrangements with developers for certain properties sold. As of December 31, 2016 and 2015, includes $1.2 million and $4.4 million, respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets. As of December 31, 2016 and 2015, "Other liabilities" also includes $8.5 million and $6.6 million, respectively related to tax increment financing bonds which were issued by government entities to fund development within two of the Company's land projects. The amount represents tax assessments associated with each project, which will decrease as the Company sells units.
(2) | As of December 31, 2016 and 2015, accrued expenses includes $1.7 million and $5.3 million, respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets.
(3) | Intangible liabilities, net includes below market lease liabilities related to the acquisition of real estate assets. Accumulated amortization on below market leases was $6.4 million and $6.6 million as of December 31, 2016 and 2015, respectively. The amortization of below market leases increased operating lease income in the Company's consolidated statements of operations by $1.1 million, $1.5 million and $2.5 million for the years ended December 31, 2016, 2015 and 2014, respectively.
Schedule of expense from the amortization of lease intangible assets and liabilities | The estimated expense from the amortization of lease incentives and in-place leases for each of the five succeeding fiscal years is as follows ($ in thousands):
2017 | $ | 2,484 |
2018 | 2,135 |
2019 | 2,097 |
2020 | 2,068 |
2021 | 2,022 |

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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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