Other Liabilities and Deferred Credits (Notes)

12 Months Ended

Dec. 31, 2013

Other Liabilities Disclosure [Abstract]

OTHER LIABILITIES AND DEFERRED CREDITS

OTHER LIABILITIES AND DEFERRED CREDITS

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

	December 31, 2013		December 31, 2012
Acquired below market leases, net	$	47,910	$	54,350
Prepaid rent and deferred revenue	7,506		6,383
Straight-line rent liability	1,145		63
Deferred rent expense	829		1,008
Deferred compensation	769		637
Deferred tax liability	233		320
Other liabilities	73		50
Total other liabilities and deferred credits	$	58,465	$	62,811

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.