OTHER ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 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:

	December 31,
(In thousands)	2018		2017
Condominium inventory	$	198,352	$	—
Straight-line rent	50,493		39,136
Intangibles	33,955		34,802
Other	20,364		4,798
Special Improvement District receivable	18,838		26,430
Below-market ground leases	18,296		18,647
Security and escrow deposits	17,670		16,949
Prepaid expenses	16,981		11,731
Equipment, net of accumulated depreciation of $8.3 million and $6.9 million, respectively	15,543		16,955
Tenant incentives and other receivables	8,745		8,482
In-place leases	6,539		10,821
TIF receivable	2,470		14,444
Federal income tax receivable	2,000		2,198
Above-market tenant leases	1,044		1,648
Interest rate swap derivative assets	346		4,470
Condominium receivables	—		158,516
Prepaid expenses and other assets, net	$	411,636	$	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:

	December 31,
(In thousands)	2018		2017
Condominium deposit liabilities	$	263,636	$	55,975
Construction payables	258,749		217,838
Deferred income	42,734		53,337
Accrued payroll and other employee liabilities	42,591		41,236
Accounts payable and accrued expenses	38,748		35,887
Other	29,283		34,699
Accrued real estate taxes	26,171		22,289
Accrued interest	23,080		20,322
Tenant and other deposits	20,893		18,937
Straight-line ground rent liability	16,870		14,944
Interest rate swap derivative liabilities	16,517		5,961
Above-market ground leases	—		293
Accounts payable and accrued expenses	$	779,272	$	521,718