COPT Defense Properties Annual report pursuant to Section 13 and 15(d)

Prepaid Expenses and Other Assets (Tables)

12 Months Ended

Dec. 31, 2012

Prepaid expenses and other assets consisted of the following (in thousands):



	December 31,
	2012		2011
Mortgage and other investing receivables	$	33,396	$	27,998
Prepaid expenses	19,270		20,035
Furniture, fixtures and equipment, net	7,991		10,177
Deferred tax asset	6,612		6,923
Lease incentives	5,578		5,233
Other assets	4,608		13,284
Prepaid expenses and other assets	$	77,455	$	83,650

Mortgage and other investing receivables consisted of the following (in thousands):



	December 31,
	2012		2011
Notes receivable from City of Huntsville	$	33,252	$	17,741
Mortgage loans receivable	144		10,257
	$	33,396	$	27,998