INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2014

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS

Intangible Assets, Net consists of the following:

	March 31, 2014			December 31, 2013
Finite-Lived Intangible Assets/Contractual Rights	$	1,464,017		$	1,594,128
Accumulated Amortization		(929,527	)		(1,033,380	)
Intangible Assets, Net	$	534,490		$	560,748

Amortization expense associated with Blackstone’s intangible assets was $26.3 million for the three months ended March 31, 2014 and $22.9 million for the three months ended March 31, 2013.

Amortization of Intangible Assets held at March 31, 2014 is expected to be $102.3 million, $95.8 million, $85.6 million, $46.5 million, and $46.5 million for each of the years ending December 31, 2014, 2015, 2016, 2017 and 2018, respectively. Blackstone’s intangible assets as of March 31, 2014 are expected to amortize over a weighted-average period of 7.3 years.