OTHER ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2017

OTHER ASSETS AND LIABILITIES

Summary of the significant components of prepaid expenses and other assets

	June 30,		December 31,
(In thousands)	2017		2016
Condominium receivables (a)	$	315,337	$	210,219
Condominium deposits		169,162		193,197
Special Improvement District receivable		60,233		61,603
Straight-line rent, net		34,988		31,518
In-place leases		12,719		16,015
Below-market ground leases		18,816		18,986
Above-market tenant leases		1,938		2,457
Equipment, net of accumulated depreciation of $6.1 million and $4.9 million, respectively		15,669		17,556
Security and escrow deposits		47,219		61,304
Tenant incentives and other receivables		9,643		8,773
Prepaid expenses		11,237		11,177
Federal income tax receivable		16,186		15,763
Intangibles		36,182		4,046
Other		3,258		13,902
	$	752,587	$	666,516

(a) We expect $296.7 million of the Condominium receivables outstanding at June 30, 2017 to be collected in 2017 upon closing Anaha and the remaining contracted units at Waiea. Of the remaining, $18.3 million related to Ae`o will be collected in 2018, and $0.4 million relating to Ke Kilohana will be collected in 2019.

Summary of the significant components of accounts payable and accrued expenses

	June 30,		December 31,
(In thousands)	2017		2016
Construction payables	$	194,065	$	207,917
Condominium deposit liabilities		58,468		117,015
Deferred income		70,814		85,158
Accounts payable and accrued expenses		33,759		33,050
Tenant and other deposits		24,274		28,559
Accrued interest		21,178		16,897
Accrued payroll and other employee liabilities		22,135		36,937
Accrued real estate taxes		13,997		16,726
Interest rate swaps		3,853		(149)
Straight-line ground rent liability		14,044		13,126
Above-market ground leases		880		1,762
Other		15,546		15,012
	$	473,013	$	572,010