Receivables and Other Assets

6 Months Ended

Jun. 30, 2020

Receivables and Other Assets [Abstract]

Receivables and other assets consisted of the following as of June 30, 2020 and December 31, 2019, respectively (in thousands):


	June 30, 2020		December 31, 2019
Tenant receivables, net	$	8,424	$	11,801
Other receivables, net	13,695		13,786
Deferred financing costs, net	3,463		4,325
Deferred leasing costs, net	42,367		36,586
Straight-line rent receivables, net	117,366		107,800
Prepaid expenses, deposits, equipment and other, net	44,000		48,505
Derivative financial instruments - interest rate swaps	124		3,011
Finance ROU asset, net	3,409		3,409
Insurance receivable ⁽¹⁾	1,608		3,817
Held for sale assets	—		3,984
Total	$	234,456	$	237,024

(1) Amount primarily related to an involuntary conversion at one of our properties in 2019 for the total amount of $3.7 million. In May 2020, this amount was adjusted to $2.1 million to reflect the revision in damages incurred and corresponding final agreement amount between HTA and the Company's insurance carrier. Pursuant to applicable accounting guidance, we deemed the receipt of funds from the Company's insurance carrier probable and expect the funds to fully cover, less our immaterial deductible, the damages we experienced. As of June 30, 2020, we had received $0.7 million in insurance

proceeds. Subsequent to June 30, 2020, the Company received the final payment of $1.4 million in insurance proceeds to close out this claim.

The following is a summary of the amortization of deferred leasing costs and financing costs for the three and six months ended June 30, 2020 and 2019, respectively (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Amortization expense related to deferred leasing costs	$	2,113	$	1,874	$	4,009	$	4,028
Interest expense related to deferred financing costs	431		431		862		862