Other Assets

12 Months Ended

Dec. 31, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER ASSETS

OTHER ASSETS

At December 31, 2020 and 2019, other assets included the following (in thousands): 

	2020		2019
Predevelopment costs and earnest money	$	17,841	$	25,586
Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $32,582 and $29,131 in 2020 and 2019, respectively	17,211		17,791
Prepaid expenses and other assets	6,095		5,924
Lease inducements, net of accumulated amortization of $3,316 and $2,333 in 2020 and 2019, respectively	5,771		5,632
Line of credit deferred financing costs, net of accumulated amortization of $4,461 and $2,952 in 2020 and 2019, respectively	3,021		4,516
	$	49,939	$	59,449

Predevelopment costs represent amounts that are capitalized related to predevelopment projects that the Company determined are probable of future development.

Lease inducements are incentives paid to tenants in conjunction with leasing space, such as moving costs, sublease arrangements of prior space, and other costs. These amounts are amortized into rental revenues over the individual underlying lease terms.