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Other Assets and Intangibles, net
9 Months Ended
Sep. 30, 2022
Other Assets [Abstract]  
Other Assets and Intangibles, net
5.
Other Assets and Intangibles, net

Other assets and intangibles consist of the following (in thousands):

 

September 30, 2022

 

 

December 31, 2021

 

Intangible assets:

 

 

 

 

 

In-place leases, net

$

69,415

 

 

$

64,464

 

Above-market leases, net

 

7,724

 

 

 

7,390

 

Lease origination costs, net

 

8,753

 

 

 

6,636

 

Tenant relationships, net

 

12,661

 

 

 

15,569

 

Total intangible assets, net(A)

 

98,553

 

 

 

94,059

 

Operating lease ROU assets

 

17,795

 

 

 

19,047

 

Other assets:

 

 

 

 

 

Prepaid expenses

 

9,617

 

 

 

7,722

 

Swap receivable

 

8,895

 

 

 

 

Other assets

 

1,358

 

 

 

1,708

 

Deposits

 

3,217

 

 

 

3,796

 

Deferred charges, net

 

8,072

 

 

 

4,147

 

Total other assets, net

$

147,507

 

 

$

130,479

 

 

 

 

 

 

 

Below-market leases, net (other liabilities)

$

63,267

 

 

$

59,690

 

(A)
The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $7.1 million and $5.3 million for the three months ended September 30, 2022 and 2021, respectively, and $20.7 million and $16.3 million for the nine months ended September 30, 2022 and 2021, respectively.