OTHER LIABILITIES AND DEFERRED CREDITS

6 Months Ended

Jun. 30, 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):

	June 30, 2016		December 31, 2015
Acquired below market leases, net	$	35,812	$	38,167
Prepaid rent and deferred revenue	7,286		8,203
Interest rate swap liability	15,561		1,686
Deferred rent expense and lease intangible	1,102		434
Deferred compensation	921		929
Deferred tax liability	176		174
Straight-line rent liability	2,505		2,319
Other liabilities	65		60
Total other liabilities and deferred credits, net	$	63,428	$	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.