Other Assets

12 Months Ended

Dec. 31, 2022

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

OTHER ASSETS

OTHER ASSETS

At December 31, 2022 and 2021, other assets included the following ($ in thousands): 

	2022		2021
Predevelopment costs and earnest money	$	50,009	$	20,677
Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $18,860 and $18,560 in 2022 and 2021, respectively	11,824		13,772
Lease inducements, net of accumulated amortization of $5,129 and $3,721 in 2022 and 2021, respectively	8,091		5,735
Prepaid expenses and other assets	6,438		6,998
Credit Facility deferred financing costs, net of accumulated amortization of $135 and $5,976 in 2022 and 2021, respectively	5,550		1,507
	$	81,912	$	48,689

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.