OTHER ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 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:

	September 30,		December 31,
(In thousands)	2019		2018
Condominium inventory	$	56,547	$	198,352
Straight-line rent	55,342		50,493
Intangibles	33,445		33,955
Prepaid expenses	19,918		16,981
Special Improvement District receivables	17,352		18,838
Security and escrow deposits	17,291		17,670
Equipment, net of net of accumulated depreciation of $9.6 million and $8.3 million, respectively	14,288		15,543
Other	9,865		18,429
Tenant incentives and other receivables	8,154		8,745
TIF receivable	5,792		2,470
In-place leases	4,252		6,539
Food and beverage and lifestyle inventory	3,782		1,935
Above-market tenant leases	678		1,044
Federal income tax receivable	200		2,000
Below-market ground leases	—		18,296
Interest rate swap derivative assets	—		346
Prepaid expenses and other assets, net	$	246,906	$	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:

	September 30,		December 31,
(In thousands)	2019		2018
Construction payables	$	276,290	$	258,749
Condominium deposit liabilities	170,105		263,636
Deferred income	52,235		42,734
Interest rate swap liabilities	48,788		16,517
Tenant and other deposits	32,569		20,893
Accounts payable and accrued expenses	32,299		38,748
Accrued payroll and other employee liabilities	31,403		42,591
Accrued real estate taxes	28,551		26,171
Other	16,722		29,283
Accrued interest	10,547		23,080
Straight-line ground rent liability	—		16,870
Accounts payable and accrued expenses	$	699,509	$	779,272