OTHER LIABILITIES AND DEFERRED CREDITS

6 Months Ended

Jun. 30, 2018

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, 2018		December 31, 2017
Acquired below market leases, net	$	28,357	$	30,182
Prepaid rent and deferred revenue	9,545		8,429
Interest rate swap liability	—		10
Deferred rent expense and lease intangible	2,017		1,670
Deferred compensation	1,287		1,156
Deferred tax liability	117		123
Straight-line rent liability	7,940		4,428
Other liabilities	70		63
Total other liabilities and deferred credits, net	$	49,333	$	46,061

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.