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Prepaid Expenses and Other Current Assets and Other Assets
12 Months Ended
Dec. 31, 2019
Prepaid Expenses and Other Current Assets and Other Assets [Abstract]  
Prepaid Expenses and Other Current Assets and Other Assets 6.PREPAID EXPENSES AND OTHER CURRENT ASSETS AND OTHER ASSETS

The Company’s prepaid expenses and other current assets are comprised of the following:

As of

As of

December 31, 2019

December 31, 2018

(in thousands)

Prepaid ground rent (1)

$

1,632

$

34,276

Loan receivables

11,178

Prepaid real estate taxes

3,003

2,998

Other

32,646

14,674

Total prepaid expenses and other current assets

$

37,281

$

63,126

(1)Prepaid ground rent related to non-contingent rent provisions was reclassified to Right-of-use assets, net on the Consolidated Balance Sheets in the first quarter of 2019 due to the adoption of ASU 2016-02.


The Company’s other assets are comprised of the following:

As of

As of

December 31, 2019

December 31, 2018

(in thousands)

Prepaid ground rent (1)

$

$

263,694

Straight-line rent receivable

330,660

322,073

Interest rate swap asset

47,583

Loan receivables

8,295

49,255

Deferred lease costs, net (1)

4,865

27,020

Deferred tax asset - long term

4,342

18,330

Other

36,333

41,661

Total other assets

$

432,078

$

722,033

(1)Prepaid ground rent was reclassified from Other assets to Right-of-use assets, net on the Consolidated Balance Sheets in the first quarter of 2019 and deferred lease costs of $23.3 million were written off to Accumulated deficit on the Consolidated Balance Sheets in the first quarter of 2019 due to the adoption of ASU 2016-02.