Other Assets, Net

3 Months Ended

Mar. 31, 2021

Other Assets, Net

Other Assets, Net

6.Other Assets, Net

The following is a summary of other assets, net:

	March 31, 2021		December 31, 2020
	(In thousands)
Deferred leasing costs, net	$	121,817	$	117,141
Lease intangible assets, net		13,037		15,565
Management and leasing contracts, net		24,036		25,512
Other identified intangible assets		17,500		17,500
Wireless spectrum licenses (1)		25,275		—
Operating lease right-of-use assets		3,470		3,542
Finance lease right-of-use assets		41,889		41,996
Prepaid expenses		12,210		14,000
Deferred financing costs, net		10,826		6,656
Deposits (1)		3,488		28,560
Other		15,904		16,103
Total other assets, net	$	289,452	$	286,575

(1) During 2020, we deposited $25.3 million with the Federal Communications Commission in connection with the acquisition of wireless spectrum licenses. In March 2021, we received the licenses. While the licenses are issued for ten years, as long as we act within the requirements and constraints of the regulatory authorities, the renewal and extension of these licenses is reasonably certain at minimal cost. Accordingly, we have concluded that the licenses are indefinite-lived intangible assets.