Schedule of other assets |
Other assets consist of the following (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2022 |
|
2021 |
Customer in-place leases, net of accumulated amortization of $5,004 and $14,336, respectively |
$ |
5,090 |
|
|
$ |
29,427 |
|
Receivables: |
|
|
|
Trade, net |
13,120 |
|
|
6,228 |
|
PROs and other affiliates |
4,175 |
|
|
2,878 |
|
Receivable from unconsolidated real estate ventures |
5,375 |
|
|
4,028 |
|
Property acquisition deposits |
— |
|
|
800 |
|
Interest rate swaps |
51,466 |
|
|
— |
|
|
|
|
|
Prepaid expenses and other |
26,156 |
|
|
9,552 |
|
Corporate furniture, equipment and other, net |
1,534 |
|
|
1,422 |
|
Trade name |
7,442 |
|
|
6,380 |
|
Management contracts, net of accumulated amortization of $5,398 and $4,237, respectively |
12,113 |
|
|
10,983 |
|
Tenant reinsurance intangible assets, net of accumulated amortization of $2,466 and $1,504, respectively |
21,575 |
|
|
22,537 |
|
Goodwill |
8,182 |
|
|
8,182 |
|
Total |
$ |
156,228 |
|
|
$ |
102,417 |
|
|
Schedule of future amortization expense |
As of December 31, 2022, 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 |
2023 |
$ |
7,216 |
|
2024 |
2,132 |
|
2025 |
2,129 |
|
2026 |
2,129 |
|
2027 |
2,129 |
|
Thereafter |
23,043 |
|
Total |
$ |
38,778 |
|
|