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Deferred Revenue, Intangibles, Net and Other Liabilities
9 Months Ended
Sep. 30, 2019
Other Liabilities Disclosure [Abstract]  
Deferred Revenue, Intangibles, Net and Other Liabilities Deferred Revenue, Intangibles, Net and Other Liabilities
  
Deferred revenue and other liabilities consist of the unamortized fair value of below market lease liabilities recorded in connection with purchase accounting, retainage payables for development and redevelopment projects, and tenant rent payments received in advance of the month in which they are due.  The amortization of below market lease liabilities is recognized as revenue over the remaining life of the leases (including option periods for leases with below market renewal options) through 2046.  Tenant rent payments received in advance are recognized as revenue in the period to which they apply, which is typically the month following their receipt.
   
At September 30, 2019 and December 31, 2018, deferred revenue, intangibles, net and other liabilities consisted of the following:
 
 
September 30,
2019
 
December 31,
2018
Unamortized below market lease liabilities
$
51,584

 
$
69,501

Retainage payables and other
2,233

 
2,489

Operating lease liability
27,116

 

Tenant rent payments received in advance
8,623

 
11,642

Total
$
89,556

 
$
83,632



The amortization of below market lease intangibles is included as a component of minimum rent in the accompanying consolidated statements and was $3.9 million and $7.5 million for the nine months ended September 30, 2019 and 2018, respectively.