Other Assets and Accounts Payable and Other Liabilities

6 Months Ended

Jun. 30, 2012

Other Assets and Accounts Payable and Other Liabilities [Abstract]

OTHER ASSETS AND ACCOUNTS PAYABLE AND OTHER LIABILITIES

10. OTHER ASSETS AND ACCOUNTS PAYABLE AND OTHER LIABILITIES

Other assets include prepaid expenses; security deposits; miscellaneous other assets; cost method investments; furniture, equipment and leasehold improvements, net; intangible assets; and investments in private partnerships and limited liability companies that are valued using the equity method of accounting.

Other assets at June 30, 2012 and December 31, 2011 included:

	June 30, 2012		December 31, 2011
Prepaid expenses	$	3,052	$	3,819
Security deposits		2,506		2,541
Miscellaneous other assets		555		97
Cost method investment		250		250
Furniture, equipment and leasehold improvements, net		2,682		3,373
Intangible assets		538		538
Equity method affiliates		2,390		6,076
Other assets	$	11,973	$	16,694

Accounts payable and other liabilities include accounts payable, rent payable, payroll tax liabilities, accrued interest payable, accrued income taxes, guarantee liabilities related to Alesco XIV (see note 17), contingent settlement payable (see note 17), deferred income, and other general accrued expenses.

Accounts payable and other liabilities at June 30, 2012 and December 31, 2011 included:

	June 30, 2012		December 31, 2011
Accounts payable	$	1,104	$	1,181
Rent payable		1,116		1,289
Accrued interest payable		553		662
Income and payroll taxes payable		1,334		1,947
Guarantee liability		1,084		1,084
Contingent settlement payable		4,357		—
Deferred income		964		1,761
Other general accrued expenses		1,738		5,643
Accounts payable and other liabilities	$	12,250	$	13,567