Other Assets (Tables)

6 Months Ended

Jun. 30, 2015

Other assets consist of the following (in thousands):

	June 30, 2015		December 31, 2014
Intangible assets:
In-place leases, net	$	148,104	$	160,351
Above-market leases, net		51,696		57,199
Tenant relations, net		153,369		171,666
Total intangible assets, net^(A)		353,169		389,216
Other assets:
Prepaid expenses		18,753		14,456
Other assets^(B)		21,143		39,746
Deposits		8,854		8,024
Total other assets, net	$	401,919	$	451,442

(A)

The Company recorded amortization expense related to its intangibles, excluding above- and below- market leases, of $23.0 million and $24.8 million for the three months ended June 30, 2015 and 2014, respectively, and $48.6 million and $53.8 million for the six months ended June 30, 2015 and 2014, respectively.

(B)	See discussion of deferred tax asset in Note 1. During the first quarter of 2015, in accordance with amended legislation of the Puerto Rico Internal Revenue Code, the Company elected and paid an additional $20.2 million as part of an overall tax restructuring.