OTHER LIABILITIES AND DEFERRED CREDITS

9 Months Ended

Sep. 30, 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):

	September 30, 2017		December 31, 2016
Acquired below market leases, net	$	31,171	$	33,448
Prepaid rent and deferred revenue	9,450		7,720
Interest rate swap liability	358		1,067
Deferred rent expense and lease intangible	1,716		1,756
Deferred compensation	1,158		1,006
Deferred tax liability	201		265
Straight-line rent liability	3,309		3,028
Other liabilities	60		47
Total other liabilities and deferred credits, net	$	47,423	$	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.