OTHER ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2019

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:

	March 31,		December 31,
(In thousands)	2019		2018
Condominium inventory	$	69,110	$	198,352
Straight-line rent	51,985		50,493
Intangibles	33,785		33,955
Security and escrow deposits	20,129		17,670
Special Improvement District receivables	18,054		18,838
Prepaid expenses	15,202		16,981
Equipment, net of accumulated depreciation of $8.7 million and $8.3 million, respectively	15,125		15,543
Other	10,950		20,364
Tenant incentives and other receivables	8,625		8,745
In-place leases	5,677		6,539
TIF receivable	3,896		2,470
Above-market tenant leases	906		1,044
Federal income tax receivable	200		2,000
Interest rate swap derivative assets	—		346
Below-market ground leases	—		18,296
Prepaid expenses and other assets, net	$	253,644	$	411,636

Summary of the significant components of accounts payable and accrued expenses

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

	March 31,		December 31,
(In thousands)	2019		2018
Construction payables	$	298,235	$	258,749
Condominium deposit liabilities	147,861		263,636
Deferred income	54,082		42,734
Accounts payable and accrued expenses	26,512		38,748
Interest rate swap derivative liabilities	24,160		16,517
Tenant and other deposits	21,805		20,893
Accrued payroll and other employee liabilities	17,109		42,591
Other	16,150		29,283
Accrued real estate taxes	12,542		26,171
Accrued interest	10,515		23,080
Straight-line ground rent liability	—		16,870
Accounts payable and accrued expenses	$	628,971	$	779,272