XML 55 R13.htm IDEA: XBRL DOCUMENT v3.19.3
OTHER LIABILITIES AND DEFERRED CREDITS
9 Months Ended
Sep. 30, 2019
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, 2019
 
December 31, 2018
Acquired below market leases, net
$
26,487

 
$
25,952

Prepaid rent and deferred revenue
11,814

 
11,634

Interest rate swap liability
1,916

 
801

Deferred rent expense and lease intangible
31

 
2,210

Deferred compensation
1,573

 
1,424

Deferred tax liability
95

 
93

Straight-line rent liability
13,849

 
7,393

Lease liability
6,165

 

Other liabilities
60

 
40

Total other liabilities and deferred credits, net
$
61,990

 
$
49,547


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.