Other Assets and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

The following table summarizes our other assets, net of amortization and depreciation, if applicable, at December 31 (in thousands):

	2018		2017
Acquired lease intangibles	$	450,690	$	202,087
Leasing commissions		346,852		306,461
Rent leveling		346,116		311,932
Fixed assets		112,211		109,823
Prepaid assets		108,581		102,179
Accounts receivable		107,141		85,118
Value added taxes receivable		97,047		84,339
Other notes receivable		35,338		35,406
Derivative assets		22,731		19,139
Management contracts		16,257		17,608
Deferred income taxes		8,767		13,533
Other		124,188		94,338
Total	$	1,775,919	$	1,381,963

Schedule of Other Liabilities

The following table summarizes our other liabilities, net of amortization, if applicable, at December 31 (in thousands):

	2018		2017
Tenant security deposits	$	240,467	$	209,741
Environmental liabilities		88,863		25,728
Unearned rents		86,083		71,392
Acquired lease intangibles		76,087		24,769
Income tax liabilities		59,766		56,988
Indemnification liability		36,476		39,480
Value added taxes payable		11,037		10,081
Deferred income		10,088		15,754
Derivative liabilities		8,159		32,229
Other		149,420		173,737
Total	$	766,446	$	659,899

Schedule of Amortization Expense and Rental Revenues

The following table summarizes the expected future amortization of leasing commissions and forgone rent (included in acquired lease intangibles) into amortization expense and above and below market leases (included in acquired lease intangibles) and rent leveling net assets into rental revenues, all based on the balances at December 31, 2018 (in thousands):

	Amortization Expense		Net (Increase) Decrease to Rental Revenues
2019	$	192,962	$	(28,646	)
2020		153,851		20,947
2021		117,338		40,580
2022		88,279		46,408
2023		65,102		43,317
Thereafter		137,245		190,188
Total	$	754,777	$	312,794