Other Assets

12 Months Ended

Dec. 31, 2021

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

OTHER ASSETS

OTHER ASSETS

At December 31, 2021 and 2020, other assets included the following (in thousands): 

	2021		2020
Predevelopment costs and earnest money	$	20,677	$	17,841
Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $18,560 and $32,582 in 2021 and 2020, respectively	13,772		17,211
Prepaid expenses and other assets	6,998		6,095
Lease inducements, net of accumulated amortization of $3,721 and $3,316 in 2021 and 2020, respectively	5,735		5,771
Line of credit deferred financing costs, net of accumulated amortization of $5,976 and $4,461 in 2021 and 2020, respectively	1,507		3,021
	$	48,689	$	49,939

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.