Quarterly report pursuant to Section 13 or 15(d)

Deferred Charges, Goodwill And Other Assets (Tables)

v2.4.1.9
Deferred Charges, Goodwill And Other Assets (Tables)
3 Months Ended
Mar. 31, 2015
Deferred Charges, Goodwill And Other Assets [Abstract]  
Schedule Of Deferred Charges, Goodwill And Other Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

December 31,

(dollars in thousands)

 

2015 

 

 

2014 

Deferred leasing costs

$

226,649 

 

$

239,138 

Deferred financing costs

 

20,755 

 

 

24,042 

 

 

247,404 

 

 

263,180 

Accumulated amortization

 

(107,601)

 

 

(122,358)

Deferred charges, net

 

139,803 

 

 

140,822 

Notes receivable (a)

 

21,430 

 

 

21,491 

In-place lease values, related intangibles and other assets, net

 

6,021 

 

 

6,565 

Goodwill

 

2,945 

 

 

2,945 

Prepaid expenses and other assets, net

 

40,561 

 

 

32,827 

 

 

 

 

 

 

Total deferred charges, goodwill and other assets, net

$

210,760 

 

$

204,650 

 

(a)Includes as of March 31, 2015: a mortgage receivable for $10.4 million which bears interest at LIBOR plus six percent and matures in August 2015; a note receivable for $7.8 million which bears interest at eight percent and matures in October 2017 (which was repaid in full to the Company on April 15, 2015); and an interest-free note receivable with a net present value of $3.3 million and matures in April 2023.  The Company believes these balances are fully collectible.

Summary Of Notional And Fair Value Of Derivative Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Fair Value

 

 

Notional

 

 

Strike

 

 

Effective

 

Expiration

 

 

March 31,

 

 

December 31,

 

 

Value

(a)

 

Rate

 

 

Date

 

Date

 

 

2015 

 

 

2014 

LIBOR Cap

$

51,000 

 

 

1.5 

%

 

September 2014

 

October 2015

 

$

 

$

LIBOR Cap

 

24,000 

 

 

1.5 

%

 

September 2014

 

October 2015

 

 

 

 

LIBOR Cap

 

51,000 

 

 

1.75 

%

 

October 2015

 

October 2016

 

 

20 

 

 

64 

LIBOR Cap

 

24,000 

 

 

1.75 

%

 

October 2015

 

October 2016

 

 

10 

 

 

29 

 

 

 

 

 

 

 

 

 

 

 

 

$

32 

 

$

95 

 

(a)

The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks.