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Supplemental Detail for Certain Components of Consolidated Balance Sheets | 12 Months Ended
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Dec. 31, 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 |  | December 31, |  | December 31, |
(dollars in thousands) at: |  | 2016 |  | 2015 |
Acquired in-place leases |  | $ | 1,164,075 |  | $ | 1,056,715 |
Accumulated amortization of acquired in-place leases |  | (358,040 | ) | (264,399 | )
Acquired above-market leases |  | 365,005 |  | 304,548 |
Accumulated amortization of acquired above-market leases |  | (88,720 | ) | (62,447 | )
|  | $ | 1,082,320 |  | $ | 1,034,417 |
|  | December 31, |  | December 31, |
B. Other assets, net, consist of the following (dollars in thousands) at: |  | 2016 |  | 2015 |
Prepaid expenses |  | 14,406 |  | 14,258 |
Credit facility origination costs, net |  | 7,303 |  | 10,226 |
Notes receivable issued in connection with property sales |  | 5,390 |  | 17,905 |
Restricted escrow deposits |  | 4,246 |  | 4,179 |
Corporate assets, net |  | 3,585 |  | 2,313 |
Impounds related to mortgages payable |  | 2,015 |  | 5,860 |
Other items |  | 744 |  | 44 |
|  | $ | 37,689 |  | $ | 54,785 |
C. Distributions payable consist of the following declared |  | December 31, |  | December 31, |
distributions (dollars in thousands) at: |  | 2016 |  | 2015 |
Common stock distributions |  | $ | 52,896 |  | $ | 47,963 |
Preferred stock dividends |  | 2,257 |  | 2,257 |
Noncontrolling interests distributions |  | 82 |  | 124 |
|  | $ | 55,235 |  | $ | 50,344 |
D. Accounts payable and accrued expenses consist of the |  | December 31, |  | December 31, |
following (dollars in thousands) at: |  | 2016 |  | 2015 |
Notes payable - interest payable |  | $ | 60,668 |  | $ | 61,486 |
Property taxes payable |  | 16,949 |  | 13,354 |
Accrued costs on properties under development |  | 9,049 |  | 9,976 |
Mortgages, term loans, credit line - interest payable and interest rate swaps |  | 5,432 |  | 6,813 |
Other items |  | 29,058 |  | 24,197 |
|  | $ | 121,156 |  | $ | 115,826 |
E. Acquired lease intangible liabilities, net, consist of the |  | December 31, |  | December 31, |
following (dollars in thousands) at: |  | 2016 |  | 2015 |
Acquired below-market leases |  | $ | 318,926 |  | $ | 288,412 |
Accumulated amortization of acquired below-market leases |  | (54,720 | ) | (37,496 | )
|  | $ | 264,206 |  | $ | 250,916 |
F. Other liabilities consist of the following |  | December 31, |  | December 31, |
(dollars in thousands) at: |  | 2016 |  | 2015 |
Rent received in advance and other deferred revenue (1) |  | $ | 74,098 |  | $ | 42,840 |
Security deposits |  | 6,502 |  | 6,418 |
Capital lease obligations |  | 5,016 |  | 4,707 |
|  | $ | 85,616 |  | $ | 53,965 |
(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.

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