OTHER LIABILITIES AND DEFERRED CREDITS (Tables)

12 Months Ended

Dec. 31, 2012

Other liabilities and deferred credits

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

	December 31, 2012		December 31, 2011
Acquired below market leases, net	$	54,350	$	48,612
Prepaid rent and deferred revenue		6,383		4,784
Straight-line rent liability		63		433
Deferred rent expense		1,008		1,122
Deferred compensation		637		520
Deferred tax liability		320		—
Other liabilities		50		108
Total other liabilities and deferred credits	$	62,811	$	55,579