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Other Assets
12 Months Ended
Dec. 31, 2013
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]  
Other Assets

5.    Other Assets

Other assets consist of the following (in thousands):

 

     December 31,  
     2013      2012  

Intangible assets:

     

In-place leases (including lease origination costs and fair market value of leases), net

   $ 218,568       $ 67,105  

Tenant relations, net

     191,045         62,175  
  

 

 

    

 

 

 

Total intangible assets, net

     409,613         129,280  

Other assets:

     

Prepaid expenses

     14,082         12,469  

Deposits

     8,770         10,580  

Other assets(A)

     45,403         29,821  
  

 

 

    

 

 

 

Total other assets

   $ 477,868       $ 182,150  
  

 

 

    

 

 

 

 

(A) Includes deferred tax assets (Note 17).

The Company recorded amortization expense related to its intangibles, excluding above-and below-market leases, of $57.0 million, $17.5 million and $8.2 million for the years ended December 31, 2013, 2012 and 2011, respectively. The estimated future amortization expense associated with the Company’s intangible assets, excluding the fair market value of leases, is $103.6 million, $73.6 million, $53.8 million, $42.4 million and $28.8 million for the years ending December 31, 2014, 2015, 2016, 2017 and 2018, respectively.

During 2012, the Company identified an error in the consolidated financial statements related to prior years. The error was attributable to a purchase price allocation of an asset acquired in 2004 and related amortization of the intangible asset. The Company concluded that the adjustment was not material to the results for the year ended December 31, 2012, or any prior periods. Consequently, the Company recorded an out-of-period adjustment to increase Net Loss attributable to DDR by $1.5 million in 2012. The Company also decreased land and increased other assets by $4.4 million on the consolidated balance sheet.