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DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2023
Other Liabilities Disclosure [Abstract]  
Schedule of Deferred Revenue and Other Liabilities
As of December 31, 2023 and 2022, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands):
December 31,
20232022
Unamortized in-place lease liabilities$159,449 $188,815 
Retainages payable and other9,229 12,110 
Tenant rents received in advance35,339 29,947 
Lease liabilities68,925 67,167 
Deferred revenue and other liabilities$272,942 $298,039 
Schedule of Amortization of In-Place Lease Liabilities
The estimated net amounts of amortization of acquired lease intangible assets for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands):
Amortization of
above-market leases
Amortization of
acquired lease intangible assets
Total
2024$8,935 $66,000 $74,935 
20256,822 42,293 49,115 
20264,865 28,974 33,839 
20273,505 19,460 22,965 
20282,432 15,376 17,808 
Thereafter2,644 39,806 42,450 
Total$29,203 $211,909 $241,112 
The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands):
2024$19,346 
202513,186 
202612,149 
202710,274 
20289,665 
Thereafter94,829 
Total$159,449