OTHER LIABILITIES AND DEFERRED CREDITS

6 Months Ended

Jun. 30, 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):

	June 30, 2014		December 31, 2013
Acquired below market leases, net	$	45,341	$	47,910
Prepaid rent and deferred revenue	7,915		7,506
Interest rate swap liability	1,557		—
Deferred rent expense and lease intangible	718		829
Deferred compensation	865		769
Deferred tax liability	233		233
Straight-line rent liability	931		1,145
Other liabilities	115		73
Total other liabilities and deferred credits	$	57,675	$	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.