Annual report pursuant to Section 13 and 15(d)

OTHER ASSETS

v3.10.0.1
OTHER ASSETS
12 Months Ended
Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS
OTHER ASSETS
Other assets consist of the following (dollars in thousands):
 
December 31,
 
2018
 
2017
Customer in-place leases, net of accumulated amortization of $5,090 and $3,914, respectively
$
4,063

 
$
6,590

Receivables:
 
 
 
Trade, net
3,402

 
2,274

PROs and other affiliates
2,027

 
979

Receivable from unconsolidated real estate venture
4,573

 
1,200

Property acquisition deposits
20,977

 
5,050

Interest rate swaps
16,164

 
12,414

Prepaid expenses and other
4,266

 
3,949

Corporate furniture, equipment and other, net
1,574

 
1,444

Trade name
3,200

 
3,200

Management contract, net of accumulated amortization of $1,564 and $856, respectively
9,057

 
9,765

Goodwill
5,750

 
5,750

Total
$
75,053

 
$
52,615


Amortization expense related to customer in-place leases amounted to $11.6 million, $13.5 million and $12.0 million for the years ended December 31, 2018, 2017 and 2016, 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 asset is 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 model. Amortization expense related to the management contract amounted to $0.7 million, $0.7 million and $0.1 million for the years ended December 31, 2018, 2017 and 2016 respectively.