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

12 Months Ended

Dec. 31, 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:

	December 31,			December 31,
(in thousands)	2023			2022
Other Assets, Net:
Lease intangibles, net (Note 6)	$	100,594		$	102,374
Derivative financial instruments (Note 8)		28,989			54,902
Deferred charges, net (a)		31,074			28,478
Accrued interest receivable (Note 3)		25,553			18,082
Prepaid expenses		15,204			15,872
Due from seller		2,631			3,036
Income taxes receivable		1,141			1,876
Deposits		575			1,624
Corporate assets, net		924			1,287
Other receivables		1,775			2,060
	$	208,460		$	229,591
(a) Deferred Charges, Net:
Deferred leasing and other costs (a)	$	73,908		$	63,920
Deferred financing costs related to line of credit		9,829			9,494
		83,737			73,414
Accumulated amortization		(52,663	)		(44,936	)
Deferred charges, net	$	31,074		$	28,478
Accounts Payable and Other Liabilities:
Lease intangibles, net (Note 6)	$	73,994		$	78,416
Accounts payable and accrued expenses		61,425			59,922
Deferred income		34,386			34,503
Tenant security deposits, escrow and other		17,939			16,582
Lease liability - finance leases (Note 11)		32,739			7,022
Derivative financial instruments (Note 8)		8,892			46
	$	229,375		$	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 December 31, 2023, deferred leasing and other costs include direct and incremental capitalized internal leasing commissions incurred in connection with executed lease agreements of $2.2 million, which are amortized on a straight-line basis over the terms of the related leases.