Other Liabilities And Deferred Credits

3 Months Ended

Mar. 31, 2012

Other Liabilities And Deferred Credits [Abstract]

Other Liabilities And Deferred Credits

NOTE 7. OTHER LIABILITIES AND DEFERRED CREDITS

Other liabilities and deferred credits consist of the following (in thousands):

	March 31, 2012		December 31, 2011
Acquired below market leases, net	$	48,757	$	48,617
Prepaid rent and deferred revenue		4,859		5,008
Deferred rent expense and lease intangible		1,100		1,122
Deferred compensation		556		520
Straight-line rent liability		273		433
Other liabilities		76		108
Total other liabilities and deferred credits	$	55,621	$	55,808

Straight-line rent liability relates to leases which have rental payments that decrease over time or one-time upfront payments for which the rental revenue is deferred and recognized on a straight-line basis.