Supplemental Detail for Certain Components of Consolidated Balance Sheets (Tables)

3 Months Ended

Mar. 31, 2017

Supplemental Detail for Certain Components of Consolidated Balance Sheets

Schedule of acquired lease intangible assets, net

A.   Acquired lease intangible assets, net, consist of the following	March 31,			December 31,
(dollars in thousands) at:	2017			2016
Acquired in-place leases	$	1,210,506		$	1,164,075
Accumulated amortization of acquired in-place leases	(382,307		)	(358,040		)
Acquired above-market leases	375,724			365,005
Accumulated amortization of acquired above-market leases	(95,827		)	(88,720		)
	$	1,108,096		$	1,082,320

Other assets, net

	March 31,		December 31,
B.   Other assets, net, consist of the following (dollars in thousands) at:	2017		2016
Restricted escrow deposits	25,327		4,246
Prepaid expenses	16,910		14,406
Insurance proceeds receivable	10,641		300
Credit facility origination costs, net	6,563		7,303
Notes receivable issued in connection with property sales	5,360		5,390
Corporate assets, net	4,864		3,585
Impounds related to mortgages payable	2,074		2,015
Other items	118		444
	$	71,857	$	37,689

Distributions payable

C.   Distributions payable consist of the following declared	March 31,		December 31,
distributions (dollars in thousands) at:	2017		2016
Common stock distributions	$	57,799	$	52,896
Preferred stock dividends	-		2,257
Noncontrolling interests distributions	86		82
	$	57,885	$	55,235

Accounts payable and accrued expenses

D.   Accounts payable and accrued expenses consist of the	March 31,		December 31,
following (dollars in thousands) at:	2017		2016
Notes payable - interest payable	$	42,223	$	60,668
Property taxes payable	13,352		16,949
Accrued costs on properties under development	5,163		9,049
Mortgages, term loans, credit line - interest payable and interest rate swaps	3,182		5,432
Shares subject to mandatory redemption - interest payable	1,655		-
Other items	21,063		29,058
	$	86,638	$	121,156

Schedule of acquired lease intangible liabilities, net

E.   Acquired lease intangible liabilities, net, consist of the	March 31,			December 31,
following (dollars in thousands) at:	2017			2016
Acquired below-market leases	$	327,697		$	318,926
Accumulated amortization of acquired below-market leases	(59,211		)	(54,720		)
	$	268,486		$	264,206

Other liabilities

F.   Other liabilities consist of the following	March 31,		December 31,
(dollars in thousands) at:	2017		2016
Rent received in advance and other deferred revenue (1)	$	110,468	$	74,098
Security deposits	6,516		6,502
Capital lease obligations	5,094		5,016
	$	122,078	$	85,616

(1) In connection with Diageo’s sale of its wine business to Treasury Wine Estates, we agreed to release Diageo from its guarantee of our leases in exchange for Diageo’s payment of $75 million of additional rent to us.  The additional rent was paid in two equal installments, one of which was received in August 2016 for $37.5 million and was recorded as prepaid rent.  The final payment of $37.5 million was received in January 2017, at which time Treasury Wine Estates became the guarantor of our leases on those properties.  We have accounted for this transaction as a lease modification and the additional rent will be recognized on a straight-line basis over the remaining lease terms of approximately 15 years.