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OTHER LIABILITIES AND DEFERRED CREDITS
 6 Months Ended
Jun. 30, 2023
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, 2023December 31, 2022
Acquired below market leases, net$18,066 $19,664 
Prepaid rent and deferred revenue19,170 17,971 
Interest rate swap liability— 196 
Deferred compensation2,429 2,411 
Deferred tax liability852 852 
Straight-line rent liability11,349 12,746 
Lease liability24,501 25,676 
Other liabilities50 61 
Total other liabilities and deferred credits, net$76,417 $79,577 
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.