PREPAID EXPENSES AND OTHER ASSETS (Tables)

3 Months Ended

Mar. 31, 2013

PREPAID EXPENSES AND OTHER ASSETS

Components of prepaid expenses and other assets

	March 31, 2013							December 31, 2012
	Gross Asset		Accumulated Amortization			Balance		Gross Asset		Accumulated Amortization			Balance
Intangible assets:
Above-market tenant leases, net	$	1,181,928	$	(433,586	)	$	748,342	$	1,230,117	$	(425,837	)	$	804,280
Below-market ground leases, net	169,539		(10,970		)	158,569		169,539		(9,825		)	159,714
Real estate tax stabilization agreement, net	111,506		(15,100		)	96,406		111,506		(13,523		)	97,983
Total intangible assets	1,462,973		(459,656		)	1,003,317		1,511,162		(449,185		)	1,061,977
Remaining Prepaid expenses and other assets:
Security and escrow deposits						167,540							181,481
Prepaid expenses						57,624							54,514
Other non-tenant receivables						5,666							12,450
Deferred tax, net of valuation allowances						1,436							902
Other						14,055							18,141
Total remaining Prepaid expenses and other assets						246,321							267,488
Total Prepaid expenses and other assets						$	1,249,638						$	1,329,465