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OTHER LIABILITIES AND DEFERRED CREDITS
 6 Months Ended
Jun. 30, 2022
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, 2022December 31, 2021
Acquired below market leases, net$21,326 $22,402 
Prepaid rent and deferred revenue16,112 16,309 
Interest rate swap liability— 1,807 
Deferred rent expense and lease intangible— 3 
Deferred compensation2,231 2,503 
Deferred tax liability967 967 
Straight-line rent liability15,340 14,274 
Lease liability26,831 27,917 
Other liabilities57 33 
Total other liabilities and deferred credits, net$82,864 $86,215 
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.