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Supplemental Detail for Certain Components of Consolidated Balance Sheets | 9 Months Ended
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Sep. 30, 2016
Supplemental Detail for Certain Components of Consolidated Balance Sheets |
Supplemental Detail for Certain Components of Consolidated Balance Sheets | 3.Supplemental Detail for Certain Components of Consolidated Balance Sheets
A. Acquired lease intangible assets, net, consist of the following |  | September 30, |  | December 31, |
(dollars in thousands) at: |  | 2016 |  | 2015 |
Acquired in-place leases |  | $ | 1,142,053 |  | $ | 1,056,715 |
Accumulated amortization of acquired in-place leases |  | (334,018 | ) | (264,399 | )
Acquired above-market leases |  | 361,490 |  | 304,548 |
Accumulated amortization of acquired above-market leases |  | (81,877 | ) | (62,447 | )
|  | $ | 1,087,648 |  | $ | 1,034,417 |
|  | September 30, |  | December 31, |
B. Other assets, net, consist of the following (dollars in thousands) at: |  | 2016 |  | 2015 |
Prepaid expenses |  | 14,209 |  | 14,258 |
Restricted escrow deposits |  | 11,586 |  | 4,179 |
Credit facility origination costs, net |  | 8,043 |  | 10,226 |
Notes receivable issued in connection with property sales |  | 5,419 |  | 17,905 |
Corporate assets, net |  | 3,032 |  | 2,313 |
Impounds related to mortgages payable |  | 2,637 |  | 5,860 |
Other items |  | 757 |  | 44 |
|  | $ | 45,683 |  | $ | 54,785 |
C. Distributions payable consist of the following declared |  | September 30, |  | December 31, |
distributions (dollars in thousands) at: |  | 2016 |  | 2015 |
Common stock distributions |  | $ | 52,429 |  | $ | 47,963 |
Preferred stock dividends |  | 2,257 |  | 2,257 |
Noncontrolling interests distributions |  | 82 |  | 124 |
|  | $ | 54,768 |  | $ | 50,344 |
D. Accounts payable and accrued expenses consist of the |  | September 30, |  | December 31, |
following (dollars in thousands) at: |  | 2016 |  | 2015 |
Notes payable - interest payable |  | $ | 30,145 |  | $ | 61,486 |
Property taxes payable |  | 21,162 |  | 13,354 |
Mortgages, term loans, credit line - interest payable and interest rate swaps |  | 12,616 |  | 6,813 |
Accrued costs on properties under development |  | 11,428 |  | 9,976 |
Other items |  | 22,190 |  | 24,197 |
|  | $ | 97,541 |  | $ | 115,826 |
E. Acquired lease intangible liabilities, net, consist of the |  | September 30, |  | December 31, |
following (dollars in thousands) at: |  | 2016 |  | 2015 |
Acquired below-market leases |  | $ | 315,301 |  | $ | 288,412 |
Accumulated amortization of acquired below-market leases |  | (50,256 | ) | (37,496 | )
|  | $ | 265,045 |  | $ | 250,916 |
F. Other liabilities consist of the following |  | September 30, |  | December 31, |
(dollars in thousands) at: |  | 2016 |  | 2015 |
Rent received in advance and other deferred revenue (1) |  | $ | 86,479 |  | $ | 42,840 |
Security deposits |  | 6,487 |  | 6,418 |
Capital lease obligations |  | 4,939 |  | 4,707 |
|  | $ | 97,905 |  | $ | 53,965 |
(1) In connection with Diageo’s sale of its wine business to Treasury Wine Estates, we will 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 is being paid in two equal installments, one of which was received in August 2016 for $37.5 million and was recorded as prepaid rent. Upon our receipt of the final expected payment in January 2017 of $37.5 million, Treasury Wine Estates will become 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.

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