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OTHER ASSETS
9 Months Ended
Sep. 30, 2012
OTHER ASSETS  
OTHER ASSETS

NOTE 4. OTHER ASSETS

 

Approximately $1,923,000 and $1,879,000 of security deposits and prepaid rent deposits are included in prepaid expenses and other assets at September 30, 2012 and December 31, 2011, respectively. The security deposits and escrow accounts are restricted cash.

 

Included in prepaid expenses and other assets at September 30, 2012 and December 31, 2011 is approximately $710,000 and $1,014,000, respectively, held in escrow to fund future capital improvements.

 

Financing and leasing fees of approximately $960,000 and $919,000 are net of accumulated amortization of approximately $740,000 and $636,000 at September 30, 2012 and December 31, 2011, respectively.