Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Assets

v2.4.1.9
Prepaid Expenses and Other Assets
 3 Months Ended
Mar. 31, 2015
Prepaid Expense and Other Assets [Abstract]  
Prepaid Expenses and Other Assets
Prepaid Expenses and Other Assets
 
Prepaid expenses and other assets consisted of the following (in thousands):
 
 
March 31,
2015
 
December 31,
2014
Construction contract costs incurred in excess of billings
$
19,136

 
$
6,656

Prepaid expenses
14,862

 
20,570

Lease incentives, net
13,183

 
13,344

Furniture, fixtures and equipment, net
6,349

 
6,637

Deposit on acquisitions
5,066

 
516

Deferred tax asset, net (1)
3,946

 
4,002

Operating notes receivable
3,629

 
3,797

Equity method investments
2,390

 
2,368

Other assets
2,939

 
2,359

Prepaid expenses and other assets
$
71,500

 
$
60,249



(1) Includes a valuation allowance of $2.1 million.

Operating notes receivable reported above includes amounts due from tenants with remaining terms exceeding one year totaling $3.6 million as of March 31, 2015 and December 31, 2014; we carried allowances for estimated losses for $281,000 of the March 31, 2015 balance and $252,000 of the December 31, 2014 balance.