COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Assets (Tables)

6 Months Ended

Jun. 30, 2012

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



	June 30, 2012		December 31, 2011
Mortgage and other investing receivables	$	38,121	$	27,998
Prepaid expenses	9,541		20,035
Furniture, fixtures and equipment, net	9,248		10,177
Deferred tax asset	6,746		10,892
Lease incentives	5,229		5,233
Other assets	4,998		13,284
Prepaid expenses and other assets	$	73,883	$	87,619

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



	June 30, 2012		December 31, 2011
Notes receivable from City of Huntsville	$	27,953	$	17,741
Mortgage loans receivable	10,168		10,257
	$	38,121	$	27,998