OTHER LIABILITIES AND DEFERRED CREDITS

9 Months Ended

Sep. 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):

	September 30, 2016		December 31, 2015
Acquired below market leases, net	$	34,659	$	38,167
Prepaid rent and deferred revenue	8,742		8,203
Interest rate swap liability	13,129		1,686
Deferred rent expense and lease intangible	1,622		434
Deferred compensation	962		929
Deferred tax liability	176		174
Straight-line rent liability	2,794		2,319
Other liabilities	53		60
Total other liabilities and deferred credits, net	$	62,137	$	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.