Other Assets, Net and Accounts Payable and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

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

Schedule of Other Assets and Other Liabilities

Other assets, net and accounts payable and other liabilities are comprised of the following for the periods presented:

	June 30,			December 31,
(in thousands)	2023			2022
Other Assets, Net:
Lease intangibles, net (Note 6)	$	86,120		$	102,374
Derivative financial instruments (Note 8)		57,682			54,902
Deferred charges, net (a)		29,931			28,478
Accrued interest receivable (Note 3)		22,157			18,082
Prepaid expenses		14,256			15,872
Due from seller		3,036			3,036
Income taxes receivable		1,114			1,876
Deposits		2,641			1,624
Corporate assets, net		1,108			1,287
Other receivables		1,883			2,060
	$	219,928		$	229,591
(a) Deferred Charges, Net:
Deferred leasing and other costs (a)	$	68,534		$	63,920
Deferred financing costs related to line of credit		9,698			9,494
		78,232			73,414
Accumulated amortization		(48,301	)		(44,936	)
Deferred charges, net	$	29,931		$	28,478
Accounts Payable and Other Liabilities:
Lease intangibles, net (Note 6)	$	66,355		$	78,416
Accounts payable and accrued expenses		56,315			59,922
Deferred income		34,886			34,503
Tenant security deposits, escrow and other		17,849			16,582
Lease liability - finance leases, net (Note 11)		7,236			7,022
Derivative financial instruments (Note 8)		—			46
	$	182,641		$	196,491

a)Effective January 1, 2023, the Company implemented compensation plans for its internal leasing representatives to adopt a commission structure paid in connection with new, renewal, and modified leases. At June 30, 2023, deferred leasing and other costs include direct and incremental capitalized internal leasing commissions incurred in connection with executed lease agreements of $0.8 million, which are amortized on a straight-line basis over the terms of the related leases.