| OTHER ASSETS |
OTHER ASSETS Other assets consist of the following (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
September 30, 2019 |
|
December 31, 2018 |
Customer in-place leases, net of accumulated amortization of $5,627 and $5,090, respectively |
$ |
5,619 |
|
|
$ |
4,063 |
|
Receivables: |
|
|
|
Trade, net |
3,367 |
|
|
3,402 |
|
PROs and other affiliates |
1,949 |
|
|
2,027 |
|
Receivables from unconsolidated real estate ventures |
6,427 |
|
|
4,573 |
|
Property acquisition and other deposits |
— |
|
|
20,977 |
|
Interest rate swaps |
449 |
|
|
16,164 |
|
Prepaid expenses and other |
4,779 |
|
|
4,266 |
|
Corporate furniture, equipment and other, net |
8,776 |
|
|
1,574 |
|
Trade name |
3,200 |
|
|
3,200 |
|
Management contract, net of accumulated amortization of $2,095 and $1,564, respectively |
8,526 |
|
|
9,057 |
|
Tenant reinsurance intangible, net of accumulated amortization of $171 |
14,429 |
|
|
— |
|
Goodwill |
5,750 |
|
|
5,750 |
|
Total |
$ |
63,271 |
|
|
$ |
75,053 |
|
Amortization expense related to customer in-place leases amounted to $3.3 million and $2.9 million for the three months ended September 30, 2019 and 2018, respectively, and $8.6 million and $9.2 million during the nine months ended September 30, 2019 and 2018, respectively. Amortization expense related to the management contract amounted to $0.2 million and $0.2 million for the three months ended September 30, 2019 and 2018, respectively, and $0.6 million and $0.5 million during the nine months ended September 30, 2019 and 2018, respectively. Amortization expense related to the tenant reinsurance intangible amounted to $0.2 million for the three and nine months ended September 30, 2019.
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