Douglas Emmett Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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Other Assets
- Other Assets
| (In thousands) | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Restricted cash | $101 | $101 |
| Prepaid expenses | 20,594 | 19,871 |
| Indefinite-lived intangibles | 1,988 | 1,988 |
| Deposit with lender(1) | 13,440 | — |
| Furniture, fixtures and equipment, net | 7,014 | 7,144 |
| Other | 6,123 | 4,837 |
| Total other assets | $49,260 | $33,941 |
(1) In connection with the Barrington Plaza loan, Barrington Plaza Apartments have been removed from the rental market. See Note 3, "Property to be removed from service". The lender required a $13.3 million cash deposit, which we placed in an interest-bearing collateral account during the third quarter of 2023. The lender will return the deposit at the earlier of August 2026 or when the loan is paid in full. See Note 8 for our debt disclosures.
F- 23
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