OTHER LIABILITIES AND DEFERRED CREDITS

3 Months Ended

Mar. 31, 2017

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, 2017		December 31, 2016
Acquired below market leases, net	$	32,359	$	33,448
Prepaid rent and deferred revenue	8,587		7,720
Interest rate swap liability	649		1,067
Deferred rent expense and lease intangible	1,797		1,756
Deferred compensation	1,065		1,006
Deferred tax liability	265		265
Straight-line rent liability	3,014		3,028
Other liabilities	57		47
Total other liabilities and deferred credits, net	$	47,793	$	48,337

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.