Other Assets and Liabilities

12 Months Ended

Dec. 31, 2022


5. Other Assets and Liabilities

Prepaid Expenses and Other Assets The following table summarizes the significant components of Prepaid expenses and other assets as of December 31:


thousands	2022		2021
Special Improvement District receivable	$	64,091	$	86,165
Security, escrow and other deposits	48,578		45,546
In-place leases	39,696		44,225
Interest rate derivative assets	30,860		1,257
Intangibles	25,170		29,752
Condominium inventory	22,452		57,507
Prepaid expenses	18,806		21,370
Other	11,683		6,617
Tenant incentives and other receivables	8,252		6,623
TIF receivable	1,893		855
Food and beverage and lifestyle inventory	872		1,039









Prepaid expenses and other assets, net	$	272,353	$	300,956

Accounts Payable and Accrued Expenses The following table summarizes the significant components of Accounts payable and accrued expenses as of December 31:


thousands	2022		2021
Condominium deposit liabilities	$	390,253	$	368,997
Construction payables	260,257		284,384
Deferred income	85,006		71,902
Accrued interest	49,156		47,738
Accrued real estate taxes	37,835		26,965
Accounts payable and accrued expenses	36,174		72,828
Accrued payroll and other employee liabilities	30,874		29,648
Other	28,856		23,310
Tenant and other deposits	26,100		30,943
Interest rate derivative liabilities	—		26,452










Accounts payable and accrued expenses	$	944,511	$	983,167