Other Assets

9 Months Ended

Sep. 30, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER ASSETS

OTHER ASSETS

Other assets consist of the following:

(Dollars in millions)	September 30, 2015		December 31, 2014
Above-market leases, net of accumulated amortization of $16.3 and $6.7 at September 30, 2015 and December 31, 2014, respectively	$	100.9	$	71.6
Loan fees, net of accumulated amortization of $10.7 and $5.0 at September 30, 2015 and December 31, 2014, respectively	44.1		36.0
Deferred tax asset, net	36.1		27.6
Other, net of accumulated amortization of $2.7 and $1.8 at September 30, 2015 and December 31, 2014, respectively	33.5		25.8
Hedge Assets	32.7		30.6
Goodwill	23.9		23.9
Office furniture and equipment net of accumulated depreciation of $9.1 and $5.7 at September 30, 2015 and December 31, 2014, respectively	20.5		22.0
Prepaid expenses	15.0		11.2
Deposits	3.5		49.9
Marketable securities (1)	0.3		6.5
Other Assets	$	310.5	$	305.1

⁽¹⁾ The amount above excludes Kennedy Wilson's 24.0 million shares in KWE as the investment is eliminated due to the consolidation of KWE's results. Based on the closing price of KWE shares on September 30, 2015, the fair value of Kennedy Wilson's investment in KWE is $413.5 million.