Other Assets

12 Months Ended

Dec. 31, 2023

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

OTHER ASSETS

OTHER ASSETS

At December 31, 2023 and 2022, other assets included the following ($ in thousands): 

	2023		2022
Predevelopment costs	$	56,600	$	50,009
Furniture, fixtures, and equipment and other deferred costs, net of accumulated depreciation of $18,564 and $18,860 in 2023 and 2022, respectively	10,631		11,824
Lease inducements, net of accumulated amortization of $5,860 and $5,129 in 2023 and 2022, respectively	10,537		8,091
Prepaid expenses and other assets	8,704		6,438
Credit Facility deferred financing costs, net of accumulated amortization of $2,131 and $135 in 2023 and 2022, respectively	4,273		5,550
	$	90,745	$	81,912

Predevelopment costs represent amounts that are capitalized related to predevelopment projects on land owned by the Company that has been determined to be 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.