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OTHER LIABILITIES AND DEFERRED CREDITS
 3 Months Ended
Mar. 31, 2021
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, 2021December 31, 2020
Acquired below market leases, net$20,673 $21,458 
Prepaid rent and deferred revenue14,371 14,518 
Interest rate swap liability3,784 4,531 
Deferred rent expense and lease intangible13 16 
Deferred compensation2,158 2,059 
Deferred tax liability570 570 
Straight-line rent liability17,156 18,049 
Lease liability29,471 30,060 
Other liabilities32 39 
Total other liabilities and deferred credits, net$88,228 $91,300 
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.