XML 23 R13.htm IDEA: XBRL DOCUMENT v3.23.1
Other Assets
3 Months Ended
Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS OTHER ASSETS
Other assets on the consolidated balance sheets as of March 31, 2023 and December 31, 2022 included the following ($ in thousands):
20232022
Predevelopment costs $51,556 $50,009 
Prepaid expenses and other assets11,781 6,438 
Furniture, fixtures and equipment and other deferred costs, net of accumulated depreciation of $18,412 and $18,860 in 2023 and 2022, respectively
11,467 11,824 
Lease inducements, net of accumulated amortization of $5,615 and $5,129 in 2023 and 2022, respectively
8,014 8,091 
Credit Facility deferred financing costs, net of accumulated amortization of $1,167 and $135 in 2023 and 2022, respectively
5,239 5,550 
$88,057 $81,912 
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.