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Supplemental Detail for Certain Components of Consolidated Balance Sheets | 9 Months Ended
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Sep. 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 |  | September 30, |  | December 31, |
(dollars in thousands) at: |  | 2017 |  | 2016 |
Acquired in-place leases |  | $ | 1,227,780 |  | $ | 1,164,075 |
Accumulated amortization of acquired in-place leases |  | (428,802 | ) | (358,040 | )
Acquired above-market leases |  | 479,098 |  | 365,005 |
Accumulated amortization of acquired above-market leases |  | (113,063 | ) | (88,720 | )
|  | $ | 1,165,013 |  | $ | 1,082,320 |
|  | September 30, |  | December 31, |
B.Other assets, net, consist of the following (dollars in thousands) at: |  | 2017 |  | 2016 |
Restricted escrow deposits |  |  | 23,698 |  |  | 4,246 |
Prepaid expenses |  | 13,267 |  | 14,406 |
Corporate assets, net |  | 5,566 |  | 3,585 |
Notes receivable issued in connection with property sales |  | 5,298 |  | 5,390 |
Credit facility origination costs, net |  | 5,094 |  | 7,303 |
Impounds related to mortgages payable |  | 3,465 |  | 2,015 |
Other items |  | 333 |  | 744 |
|  | $ | 56,721 |  | $ | 37,689 |
C.Distributions payable consist of the following declared |  | September 30, |  | December 31, |
distributions (dollars in thousands) at: |  | 2017 |  | 2016 |
Common stock distributions |  | $ | 60,018 |  | $ | 52,896 |
Preferred stock dividends |  | - |  | 2,257 |
Noncontrolling interests distributions |  | 86 |  | 82 |
|  | $ | 60,104 |  | $ | 55,235 |
D.Accounts payable and accrued expenses consist of the |  | September 30, |  | December 31, |
following (dollars in thousands) at: |  | 2017 |  | 2016 |
Notes payable - interest payable |  | $ | 41,801 |  | $ | 60,668 |
Property taxes payable |  | 22,455 |  | 16,949 |
Accrued costs on properties under development |  | 4,235 |  | 9,049 |
Mortgages, term loans, credit line - interest payable and interest rate swaps |  | 3,793 |  | 5,432 |
Other items |  | 20,663 |  | 29,058 |
|  | $ | 92,947 |  | $ | 121,156 |
E.Acquired lease intangible liabilities, net, consist of the |  | September 30, |  | December 31, |
following (dollars in thousands) at: |  | 2017 |  | 2016 |
Acquired below-market leases |  | $ | 340,504 |  | $ | 318,926 |
Accumulated amortization of acquired below-market leases |  | (68,127 | ) | (54,720 | )
|  | $ | 272,377 |  | $ | 264,206 |
F.Other liabilities consist of the following |  | September 30, |  | December 31, |
(dollars in thousands) at: |  | 2017 |  | 2016 |
Rent received in advance and other deferred revenue (1) |  | $ | 103,520 |  | $ | 74,098 |
Security deposits |  | 6,268 |  | 6,502 |
Capital lease obligations |  | 5,249 |  | 5,016 |
|  | $ | 115,037 |  | $ | 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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