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Other Assets, Net
6 Months Ended
Jun. 30, 2014
Other Assets, Net

5.

OTHER ASSETS, NET

Other assets consist of the following (in thousands):

 

 

June 30, 2014

 

 

December 31, 2013

 

Intangible assets:

 

 

 

 

 

 

 

In-place leases, net

$

150,346

 

 

$

159,357

 

Above-market rent, net

 

55,267

 

 

 

59,211

 

Tenant relations, net

 

171,513

 

 

 

191,045

 

Total intangible assets, net(A)

 

377,126

 

 

 

409,613

 

Other assets:

 

 

 

 

 

 

 

Accounts receivable, net(B)

 

121,919

 

 

 

129,513

 

Deferred charges, net

 

33,023

 

 

 

38,124

 

Prepaid expenses

 

16,943

 

 

 

14,082

 

Other assets

 

41,710

 

 

 

45,403

 

Deposits

 

8,562

 

 

 

8,770

 

Total other assets, net

$

599,283

 

 

$

645,505

 

 

(A)

The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $24.8 million and $7.1 million for the three-month periods ended June 30, 2014 and 2013, respectively, and $53.8 million and $13.8 million for the six-month periods ended June 30, 2014 and 2013, respectively.

(B)

Includes straight-line rents receivable, net, of $63.0 million and $61.9 million at June 30, 2014 and December 31, 2013, respectively.