OTHER LIABILITIES AND DEFERRED CREDITS

3 Months Ended

Mar. 31, 2016

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, 2016		December 31, 2015
Acquired below market leases, net	$	36,994	$	38,167
Prepaid rent and deferred revenue	6,998		8,203
Interest rate swap liability	5,654		1,686
Deferred rent expense and lease intangible	468		434
Deferred compensation	956		929
Deferred tax liability	174		174
Straight-line rent liability	2,274		2,319
Other liabilities	62		60
Total other liabilities and deferred credits, net	$	53,580	$	51,972

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.