OTHER ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 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:

	December 31,
(In thousands)	2019		2018
Condominium inventory	$	56,421	$	198,352
Straight-line rent	56,223		50,493
In-place leases	54,471		6,539
Special Improvement District receivable	42,996		18,838
Intangibles	33,275		33,955
Security and escrow deposits	17,464		17,670
Prepaid expenses	13,263		16,981
Other	9,252		18,429
Tenant incentives and other receivables	7,556		8,745
Food and beverage and lifestyle inventory	4,310		1,935
TIF receivable	3,931		2,470
Federal income tax receivable	655		2,000
Above-market tenant leases	556		1,044
Equipment, net of accumulated depreciation of $0.0 million and $8.3 million, respectively	—		15,543
Below-market ground leases	—		18,296
Interest rate swap derivative assets	—		346
Prepaid expenses and other assets, net	$	300,373	$	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:

	December 31,
(In thousands)	2019		2018
Construction payables	$	261,523	$	258,749
Condominium deposit liabilities	194,794		263,636
Deferred income	63,483		42,734
Accrued payroll and other employee liabilities	44,082		42,591
Interest rate swap liabilities	40,135		16,517
Accounts payable and accrued expenses	37,480		38,748
Accrued real estate taxes	27,559		26,171
Tenant and other deposits	24,080		20,893
Accrued interest	23,838		23,080
Other	16,173		29,283
Straight-line ground rent liability	—		16,870
Accounts payable and accrued expenses	$	733,147	$	779,272