INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2016

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS

Intangible Assets, Net consists of the following:

	March 31, 2016			December 31, 2015
Finite-Lived Intangible Assets/Contractual Rights	$	1,424,226		$	1,424,226
Accumulated Amortization		(1,101,507	)		(1,078,679	)
Intangible Assets, Net	$	322,719		$	345,547

Amortization expense associated with Blackstone’s intangible assets was $22.8 million for the three months ended March 31, 2016 and $24.8 million for the three months ended March 31, 2015.

Amortization of Intangible Assets held at March 31, 2016 is expected to be $82.9 million, $43.9 million, $43.8 million, $43.8 million, and $43.8 million for each of the years ending December 31, 2016, 2017, 2018, 2019, and 2020, respectively. Blackstone’s intangible assets as of March 31, 2016 are expected to amortize over a weighted-average period of 6.3 years.