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DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES
 6 Months Ended
Jun. 30, 2023
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 (i) the unamortized fair value of below-market lease liabilities recorded in connection with purchase accounting, (ii) retainage payables for development and redevelopment projects, (iii) tenant rent payments received in advance of the month in which they are due, and (iv) lease liabilities recorded upon adoption of ASU 2016-02, Leases (Topic 842). 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 2085. 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.
As of June 30, 2023 and December 31, 2022, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands):
June 30, 2023December 31, 2022
Unamortized in-place lease liabilities$176,530 $188,815 
Retainages payable and other11,397 12,110 
Tenant rents received in advance33,576 29,947 
Lease liabilities68,168 67,167 
Total$289,671 $298,039 
The amortization of below-market lease intangibles is included as a component of “Rental income” in the accompanying consolidated statements of operations and comprehensive income and totaled $11.6 million and $8.5 million for the six months ended June 30, 2023 and 2022, respectively.