PREPAID EXPENSES AND OTHER ASSETS (Tables)

6 Months Ended

Jun. 30, 2012

PREPAID EXPENSES AND OTHER ASSETS

Components of prepaid expenses and other assets

	June 30,		December 31,
	2012		2011
Above-market tenant leases, net (Note 3)	$	930,097	$	1,163,754
Below-market ground leases, net (Note 3)	193,547		198,230
Security and escrow deposits	192,110		247,718
Real estate tax stabilization agreement, net (Note 3)	101,139		104,295
Prepaid expenses	47,557		51,928
Other non-tenant receivables	10,447		21,198
Prepaid finance costs	5,473		1,477
Deferred tax, net of valuation allowances	4,421		4,578
Other	16,599		12,357
Total prepaid expenses and other assets	$	1,501,390	$	1,805,535