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Supplemental Detail for Certain Components of Consolidated Balance Sheets | 6 Months Ended
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Jun. 30, 2017
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 |  | June 30, |  | December 31, |
(dollars in thousands) at: |  | 2017 |  | 2016 |
Acquired in-place leases |  | $ | 1,231,707 |  | $ | 1,164,075 |
Accumulated amortization of acquired in-place leases |  | (405,791 | ) | (358,040 | )
Acquired above-market leases |  | 459,067 |  | 365,005 |
Accumulated amortization of acquired above-market leases |  | (104,801 | ) | (88,720 | )
|  | $ | 1,180,182 |  | $ | 1,082,320 |
|  | June 30, |  | December 31, |
B.Other assets, net, consist of the following (dollars in thousands) at: |  | 2017 |  | 2016 |
Prepaid expenses |  | $ | 14,392 |  | $ | 14,406 |
Insurance proceeds receivable |  | 10,731 |  | 300 |
Restricted escrow deposits |  | 8,550 |  | 4,246 |
Credit facility origination costs, net |  | 5,823 |  | 7,303 |
Notes receivable issued in connection with property sales |  | 5,329 |  | 5,390 |
Corporate assets, net |  | 5,292 |  | 3,585 |
Impounds related to mortgages payable |  | 2,916 |  | 2,015 |
Other items |  | 610 |  | 444 |
|  | $ | 53,643 |  | $ | 37,689 |
C.Distributions payable consist of the following declared |  | June 30, |  | December 31, |
distributions (dollars in thousands) at: |  | 2017 |  | 2016 |
Common stock distributions |  | $ | 58,198 |  | $ | 52,896 |
Preferred stock dividends |  | - |  | 2,257 |
Noncontrolling interests distributions |  | 86 |  | 82 |
|  | $ | 58,284 |  | $ | 55,235 |
D.Accounts payable and accrued expenses consist of the |  | June 30, |  | December 31, |
following (dollars in thousands) at: |  | 2017 |  | 2016 |
Notes payable - interest payable |  | $ | 72,609 |  | $ | 60,668 |
Property taxes payable |  | 16,150 |  | 16,949 |
Accrued costs on properties under development |  | 5,048 |  | 9,049 |
Mortgages, term loans, credit line - interest payable and interest rate swaps |  | 4,150 |  | 5,432 |
Other items |  | 17,638 |  | 29,058 |
|  | $ | 115,595 |  | $ | 121,156 |
E.Acquired lease intangible liabilities, net, consist of the |  | June 30, |  | December 31, |
following (dollars in thousands) at: |  | 2017 |  | 2016 |
Acquired below-market leases |  | $ | 329,783 |  | $ | 318,926 |
Accumulated amortization of acquired below-market leases |  | (63,418 | ) | (54,720 | )
|  | $ | 266,365 |  | $ | 264,206 |
F.Other liabilities consist of the following |  | June 30, |  | December 31, |
(dollars in thousands) at: |  | 2017 |  | 2016 |
Rent received in advance and other deferred revenue (1) |  | $ | 113,177 |  | $ | 74,098 |
Security deposits |  | 6,424 |  | 6,502 |
Capital lease obligations |  | 5,171 |  | 5,016 |
|  | $ | 124,772 |  | $ | 85,616 |
(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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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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