OTHER LIABILITIES AND DEFERRED CREDITS

3 Months Ended

Mar. 31, 2014

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):

	March 31, 2014		December 31, 2013
Acquired below market leases, net	$	46,615	$	47,910
Prepaid rent and deferred revenue	8,209		7,506
Deferred rent expense and lease intangible	773		829
Deferred compensation	821		769
Deferred tax liability	233		233
Straight-line rent liability	1,020		1,145
Interest rate swap liability	746		—
Other liabilities	97		73
Total other liabilities and deferred credits	$	58,514	$	58,465

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.