INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2018

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS

Intangible Assets, Net consists of the following:

	March 31, 2018			December 31, 2017
Finite-Lived Intangible Assets / Contractual Rights	$	1,594,876		$	1,594,876
Accumulated Amortization		(1,199,540	)		(1,185,048	)
Intangible Assets, Net	$	395,336		$	409,828

Amortization expense associated with Blackstone’s intangible assets was $14.5 million and $11.0 million for the three months ended March 31, 2018 and 2017, respectively.

Amortization of Intangible Assets held at March 31, 2018 is expected to be $57.9 million, $57.9 million, $57.9 million, $57.9 million, and $50.2 million for each of the years ending December 31, 2018, 2019, 2020, 2021, and 2022, respectively. Blackstone’s intangible assets as of March 31, 2018 are expected to amortize over a weighted-average period of 9.0 years.