XML 101 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Receivables and Other Assets
6 Months Ended
Jun. 30, 2013
Receivables and Other Assets [Abstract]  
Receivables and Other Assets
Receivables and Other Assets
Receivables and other assets consisted of the following as of June 30, 2013 and December 31, 2012 (in thousands):
 
June 30, 2013
 
December 31, 2012
Accounts and other receivables, net
$
17,217

 
$
13,317

Tenant note receivable
3,231

 
3,287

Deferred financing costs, net
11,888

 
11,006

Deferred leasing costs, net
11,912

 
10,554

Lease inducements, net
751

 
880

Straight-line rent receivables, net
42,862

 
39,095

Prepaid expenses, deposits, equipment and other
5,010

 
6,831

Derivative financial instruments - interest rate swaps
4,418

 

Total
$
97,289

 
$
84,970


The tenant note receivable is for a loan to a tenant for building improvements. The interest rate is 9.0% per annum and the promissory note requires monthly principal and interest payments from the tenant through July 2027. As of June 30, 2013, this tenant’s promissory note is current and we have not provided any allowance for losses, and we have had no impairment with respect to this promissory note.
The following is a summary of amortization of deferred leasing costs, deferred financing costs, and lease inducements for the three and six months ended June 30, 2013 and 2012 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Amortization expense related to deferred leasing costs
$
593

 
$
477

 
$
1,158

 
$
868

Interest expense related to deferred financing costs
980

 
877

 
2,225

 
2,091

Amortization recorded against rental income related to lease inducements
50

 
71

 
100

 
166