OTHER ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2018

OTHER ASSETS AND LIABILITIES

Summary of the significant components of prepaid expenses and other assets

The following table summarizes the significant components of Prepaid expenses and other assets:

	June 30,		December 31,
(In thousands)	2018		2017
Condominium inventory	$	46,780	$	—
Straight-line rent	44,560		39,136
Intangibles	34,295		34,802
Special Improvement District receivable	25,206		26,430
Below-market ground leases	18,478		18,647
Security and escrow deposits	16,986		16,949
Equipment, net of accumulated depreciation of $7.5 million and $6.9 million, respectively	16,380		16,955
Other	13,127		4,798
Prepaid expenses	10,599		11,731
Tenant incentives and other receivables	9,135		8,482
In-place leases	9,091		10,821
Interest rate swap derivative assets	7,269		4,470
TIF receivable	6,872		14,444
Federal income tax receivable	2,000		2,198
Above-market tenant leases	1,347		1,648
Condominium receivables	—		158,516
Prepaid expenses and other assets, net	$	262,125	$	370,027

Summary of the significant components of accounts payable and accrued expenses

The following table summarizes the significant components of Accounts payable and accrued expenses:

	June 30,		December 31,
(In thousands)	2018		2017
Construction payables	$	290,991	$	217,838
Condominium deposit liabilities	203,481		55,975
Deferred income	51,894		53,337
Other	28,154		34,699
Accrued payroll and other employee liabilities	25,790		41,236
Tenant and other deposits	25,138		18,937
Accrued interest	22,135		20,322
Accounts payable and accrued expenses	21,922		35,887
Accrued real estate taxes	17,471		22,289
Straight-line ground rent liability	15,844		14,944
Interest rate swaps	694		5,961
Above-market ground leases	—		293
Accounts payable and accrued expenses	$	703,514	$	521,718