XML 29 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Assets
12 Months Ended
Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets Other Assets
Other assets consist primarily of straight-line rent receivables, additional long-lived assets, prepaids, intangible assets, debt issuance costs and accounts receivable. Items included in "Other assets, net" on the Company’s Consolidated Balance Sheets as of December 31, 2018 and 2017 are detailed in the table below:
 
December 31,
(Dollars in millions)
2018

 
2017

Straight-line rent receivables
$
69.5

 
$
67.0

Prepaid assets
66.2

 
65.2

Additional long-lived assets, net
23.5

 
24.9

Above-market intangible assets, net
16.8

 
17.9

Accounts receivable
10.0

 
7.4

Allowance for uncollectible accounts
(0.3
)
 
(0.3
)
Ground lease modification, net
9.9

 
10.3

Equity investments in joint ventures
8.5

 
8.7

Goodwill
3.5

 
3.5

Project costs
2.2

 
2.0

Debt issuance costs, net (1)
2.2

 
3.5

Customer relationship intangible assets, net
1.7

 
1.7

Interest rate swap assets
0.2

 

Other
0.8

 
1.2

 
$
214.7

 
$
213.0


______
(1)
Includes debt issuance costs related to the Company's Unsecured credit facility due 2020.

Unconsolidated Joint Ventures
During the fourth quarter of 2017, the Company purchased a non-managing membership interest in two LLCs that own two parking garages in Atlanta, Georgia for $8.7 million which is included in the equity investments in joint ventures line in the table above. The parking garage interests were purchased in connection with three buildings that were acquired in the fourth quarter of 2017. The Company's investment in and income (loss) recognized for the years ended December 31, 2018 and 2017 related to its LLCs accounted for under the equity method are shown in the table below:
 
December 31,
(Dollars in millions)
2018

 
2017

Net LLC investments, beginning of period
$
8.7

 
$

New investments during the period

 
8.7

Equity income (loss) recognized during the period

 

Owner distributions
(0.2
)
 

Net LLC investments, end of period
$
8.5

 
$
8.7