Annual report pursuant to Section 13 and 15(d)

OTHER ASSETS

v3.22.0.1
OTHER ASSETS
12 Months Ended
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS OTHER ASSETS
Other assets consist of the following (dollars in thousands):

December 31,
2021 2020
Customer in-place leases, net of accumulated amortization of $14,336 and $5,322, respectively
$ 29,427  $ 6,460 
Receivables:
Trade, net 6,228  2,734 
PROs and other affiliates 2,878  2,974 
Receivable from unconsolidated real estate ventures 4,028  5,825 
Property acquisition deposits 800  1,087 
Prepaid expenses and other 9,552  7,099 
Corporate furniture, equipment and other, net 1,422  1,673 
Trade name 6,380  6,380 
Management contracts, net of accumulated amortization of $4,237 and $3,222, respectively
10,983  11,998 
Tenant reinsurance intangible assets, net of accumulated amortization of $1,504 and $903, respectively
22,537  13,737 
Goodwill 8,182  8,182 
Total $ 102,417  $ 68,149 
Amortization expense related to customer in-place leases amounted to $20.7 million, $9.0 million and $11.3 million for the years ended December 31, 2021, 2020 and 2019, 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, $1.0 million and $0.7 million for the years ended December 31, 2021, 2020 and 2019 respectively.
Amortization expense related to the tenant reinsurance intangible assets amounted to $0.6 million, $0.6 million and $0.3 million for the years ended December 31, 2021, 2020 and 2019 respectively. See Note 11 for additional details about the Company's tenant reinsurance intangible asset acquired during the year ended December 31, 2021.
Future Intangible Asset Amortization
As of December 31, 2021, the estimated aggregate amortization expense for the Company's customer in-place leases, management contracts and tenant reinsurance intangible assets for the succeeding five years are as follows (in thousands):
Year Ending December 31, Total Aggregate Estimated Amortization Expense
2022 $ 31,398 
2023 1,980 
2024 1,979 
2025 1,976 
2026 1,976 
Thereafter 23,638 
Total $ 62,947