XML 66 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Assets, Net
6 Months Ended
Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets, Net
Other Assets, Net

Other assets consist of the following:
 
 
June 30,
2014
 
December 31,
2013
 
 
(In thousands)
Deferred leasing costs, net
 
$
26,421

 
$
26,617

Deferred financing costs, net
 
5,659

 
6,513

Lease intangible assets, net
 
60,508

 
69,635

Straight-line rent receivable, net
 
15,158

 
15,115

Cash flow hedge marked-to-market asset
 
993

 
2,244

Prepaid and other deferred expenses, net
 
5,945

 
4,629

Other, net
 
3,455

 
3,768

Other assets, net
 
$
118,139

 
$
128,521

 
 
 
 
 

 
Total accumulated amortization of other assets was $49.2 million and $44.0 million at June 30, 2014 and December 31, 2013, respectively.

Intangible assets attributable to lease origination costs and for above-market leases are being amortized over the lives of the applicable lease.  Amortization of lease origination costs is an increase to amortization expense and amortization of above-market leases is a reduction to minimum rent revenue over the applicable terms of the respective leases.  Amortization of the above-market leases resulted in a reduction of revenue of approximately $1.3 million and $0.9 million for the six months ended June 30, 2014 and 2013, respectively.

Straight-line rent receivables are recorded net of allowances of $4.1 million and $3.8 million at June 30, 2014 and December 31, 2013, respectively.