|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):
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):
The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.
No definition available.