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Other Assets and Other Liabilities | 12 Months Ended
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Dec. 31, 2017
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,
| 2017 |  | 2016
Other receivables(1) | $ | 56,369 |  |  | $ | 52,820 |
Intangible assets, net(2) | 27,124 |  |  | 30,727 |
Other assets | 24,490 |  |  | 35,189 |
Restricted cash | 20,045 |  |  | 25,883 |
Leasing costs, net(3) | 9,050 |  |  | 11,802 |
Corporate furniture, fixtures and equipment, net(4) | 4,652 |  |  | 5,691 |
Deferred expenses and other assets, net | $ | 141,730 |  |  | $ | 162,112 |
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(1) | As of December 31, 2017 and 2016, includes $26.0 million of receivables related to the construction and development of an amphitheater (refer to Note 5).
(2) | Intangible assets, net includes above market, in-place and lease incentive assets related to the acquisition of real estate assets. Accumulated amortization on intangible assets, net was $34.9 million and $31.9 million as of December 31, 2017 and 2016, respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $2.5 million, $3.9 million and $6.4 million for the years ended December 31, 2017, 2016 and 2015, respectively. These intangible lease assets are amortized over the term of the lease. The amortization expense for in-place leases was $1.9 million, $1.9 million and $3.6 million for the years ended December 31, 2017, 2016 and 2015, respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations. As of December 31, 2017, the weighted average amortization period for the Company's intangible assets was approximately 19.2 years.
(3) | Accumulated amortization of leasing costs was $4.7 million and $6.7 million as of December 31, 2017 and 2016, respectively.
(4) | Accumulated depreciation on corporate furniture, fixtures and equipment was $10.5 million and $9.0 million as of December 31, 2017 and 2016, respectively.
Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
| As of December 31,
| 2017 |  | 2016
Accrued expenses(1) | $ | 101,035 |  |  | $ | 72,693 |
Other liabilities(2) | 79,015 |  |  | 75,993 |
Accrued interest payable | 49,933 |  |  | 54,033 |
Intangible liabilities, net(3) | 8,021 |  |  | 8,851 |
Accounts payable, accrued expenses and other liabilities | $ | 238,004 |  |  | $ | 211,570 |
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(1) | As of December 31, 2017 and 2016, accrued expenses includes $2.5 million and $1.8 million, respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets.
(2) | As of December 31, 2017 and 2016, "Other liabilities" includes $29.2 million and $24.0 million, respectively, related to profit sharing arrangements with developers for certain properties sold. As of December 31, 2017 and 2016, includes $1.6 million and $1.7 million, respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets. As of December 31, 2017 and 2016, "Other liabilities" also includes $6.2 million and $8.5 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.
(3) | Intangible liabilities, net includes below market lease liabilities related to the acquisition of real estate assets. Accumulated amortization on below market leases was $7.8 million and $6.4 million as of December 31, 2017 and 2016, respectively. The amortization of below market leases increased operating lease income in the Company's consolidated statements of operations by $1.3 million, $1.1 million and $1.5 million for the years ended December 31, 2017, 2016 and 2015, respectively. As of December 31, 2017, the weighted average amortization period for the Company's intangible liabilities was approximately 19.2 years.
Intangible assets—The estimated expense from the amortization of intangible assets for each of the five succeeding fiscal years is as follows ($ in thousands):
2018 | $ | 2,151 |
2019 | 2,112 |
2020 | 2,084 |
2021 | 2,053 |
2022 | 2,049 |

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