Annual report pursuant to Section 13 and 15(d)

OTHER ASSETS

v3.20.4
OTHER ASSETS
12 Months Ended
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS OTHER ASSETS
Other assets consist of the following (dollars in thousands):
December 31,
2020 2019
Customer in-place leases, net of accumulated amortization of $5,322 and $7,267, respectively
$ 6,460  $ 3,704 
Receivables:
Trade, net 2,734  2,809 
PROs and other affiliates 2,974  2,773 
Receivable from unconsolidated real estate ventures 5,825  4,765 
Property acquisition deposits 1,087  4,438 
Interest rate swaps —  980 
Equity securities —  7,703 
Prepaid expenses and other 7,099  4,762 
Corporate furniture, equipment and other, net 1,673  1,925 
Trade name 6,380  3,200 
Management contracts, net of accumulated amortization of $3,222 and $2,272, respectively
11,998  8,349 
Tenant reinsurance intangible, net of accumulated amortization of $903 and $317, respectively
13,737  14,283 
Goodwill 8,182  5,750 
Total $ 68,149  $ 65,441 

Amortization expense related to customer in-place leases amounted to $9.0 million, $11.3 million and $11.6 million for the years ended December 31, 2020, 2019 and 2018, respectively.
The Company measured the fair value of the trade name, which has an indefinite life and is not amortized, using the relief from royalty method at acquisition.
The management contract assets are charged to amortization expense on a straight-line basis over 15 years, which represents the time period over which the majority of value was attributed in the Company’s discounted cash flow models. Amortization expense related to the management contracts amounted to $1.0 million, $0.7 million and $0.7 million for the years ended December 31, 2020, 2019 and 2018 respectively.
Amortization expense related to the tenant reinsurance intangible amounted to $0.6 million and $0.3 million for the years ended December 31, 2020 and 2019 respectively. See Note 11 for additional details about the Company's tenant reinsurance intangible asset.
Future Intangible Asset Amortization
As of December 31, 2020, the estimated aggregate amortization expense for the Company's customer in-place leases, management contracts and tenant reinsurance intangible asset for the succeeding five years are as follows (in thousands):
Year Ending December 31, Total Aggregate Estimated Amortization Expense
2021 $ 8,049 
2022 1,604 
2023 1,604 
2024 1,603 
2025 1,600 
Thereafter 17,735 
Total $ 32,195