Other Assets

12 Months Ended

Dec. 31, 2015

Other Assets

Other Assets

6. Other Assets

Other assets, net consisted of the following (in thousands):

	December 31,
	2015		2014
Property and equipment, net	$	1,341	$	2,127
Land held for development		188		188
Intangibles, net		—		6,677
Deferred expense on straightlined third-party tenant leases		3,336		1,426
Interest rate derivative agreements		760		—
Other receivables		2,201		2,094
Other		1,570		1,973
	$	9,396	$	14,485

As of December 31, 2015 and 2014, property and equipment, net consisted of the following (in thousands):

	2015		2014
Cost basis	$	10,785	$	11,573
Accumulated depreciation		(9,444)		(9,446)
Property and equipment, net	$	1,341	$	2,127

Prior to the sale of BuyEfficient in September 2015 (see Note 4), the Company’s other assets, net included BuyEfficient’s intangible assets related to certain trademarks, customer and supplier relationships and intellectual property related to internally developed software. Coterminous with the sale of BuyEfficient, the Company wrote off $6.2 million of net intangible assets, which reduced the gain recognized on the sale. As of December 31, 2014, these intangible assets totaled$6.7 million, net of accumulated amortization. BuyEfficient’s intangibles were amortized using the straightline method over their useful lives ranging between seven and 20 years. Accumulated amortization totaled $2.4 million at December 31, 2014. Amortization expense totaled $0.4 million for the year ended December 31, 2015, and $0.6 million for both the years ended December 31, 2014 and 2013.