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Other Assets and Other Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2018
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
| September 30, 2018 |  | December 31, 2017
Intangible assets, net(1) | $ | 158,184 |  |  | $ | 27,124 |
Other receivables(2) | 46,193 |  |  | 56,369 |
Restricted cash | 34,974 |  |  | 20,045 |
Other assets(3) | 32,862 |  |  | 23,081 |
Leasing costs, net(4) | 6,487 |  |  | 9,050 |
Corporate furniture, fixtures and equipment, net(5) | 4,123 |  |  | 4,652 |
Deferred financing fees, net | 1,017 |  |  | 1,409 |
Deferred expenses and other assets, net | $ | 283,840 |  |  | $ | 141,730 |
_______________________________________________________________________________
(1) | Intangible assets, net includes above market and in-place lease assets and lease incentives related to the acquisition of real estate assets. On June 30, 2018, the Company consolidated the Net Lease Venture (refer to Note 7) and recorded $135.3 million of intangible assets to "Deferred expenses and other assets, net" on the Company's consolidated balance sheet. Accumulated amortization on intangible assets, net was $32.6 million and $34.9 million as of September 30, 2018 and December 31, 2017, respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $0.9 million and $1.6 million for the three and nine months ended September 30, 2018, respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $0.5 million and $2.0 million for the three and nine months ended September 30, 2017, respectively. These intangible lease assets are amortized over the remaining term of the lease. The amortization expense for in-place leases was $4.0 million and $4.7 million for the three and nine months ended September 30, 2018, respectively. The amortization expense for in-place leases was $0.3 million and $1.5 million for the three and nine months ended September 30, 2017, respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations.
(2) | As of September 30, 2018 and December 31, 2017, includes $26.0 million of reimbursements receivable related to the construction and development of an operating property.
(3) | Other assets primarily includes derivative assets, prepaid expenses and deposits for certain real estate assets.
(4) | Accumulated amortization of leasing costs was $4.2 million and $4.7 million as of September 30, 2018 and December 31, 2017, respectively.
(5) | Accumulated depreciation on corporate furniture, fixtures and equipment was $11.5 million and $10.5 million as of September 30, 2018 and December 31, 2017, respectively.
Schedule of accounts payable, accrued expenses and other liabilities | Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
| As of
| September 30, 2018 |  | December 31, 2017
Accrued expenses(1) | $ | 92,783 |  |  | $ | 101,035 |
Other liabilities(2) | 84,675 |  |  | 79,015 |
Intangible liabilities, net(3) | 38,889 |  |  | 8,021 |
Accrued interest payable | 28,486 |  |  | 49,933 |
Accounts payable, accrued expenses and other liabilities | $ | 244,833 |  |  | $ | 238,004 |
_______________________________________________________________________________
(1) | As of September 30, 2018 and December 31, 2017, accrued expenses includes $2.8 million and $2.5 million, respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets.
(2) | As of September 30, 2018 and December 31, 2017, other liabilities includes $18.6 million and $29.2 million, respectively, related to profit sharing arrangements with developers for certain properties sold. As of September 30, 2018 and December 31, 2017, includes $1.7 million and $1.6 million, respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets. As of September 30, 2018 and December 31, 2017, other liabilities also includes $11.8 million and $6.2 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. On June 30, 2018, the Company consolidated the Net Lease Venture (refer to Note 7) and recorded $34.3 million of intangible liabilities to "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheet. Accumulated amortization on below market lease liabilities was $8.5 million and $7.8 million as of September 30, 2018 and December 31, 2017, respectively. The amortization of below market leases increased operating lease income in the Company's consolidated statements of operations by $3.1 million and $3.4 million for the three and nine months ended September 30, 2018, respectively. The amortization of below market leases increased operating lease income in the Company's consolidated statements of operations by $0.2 million and $1.2 million for the three and nine months ended September 30, 2017, respectively.

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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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