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v3.23.1

Other Assets, Net and Accounts Payable and Other Liabilities | 3 Months Ended
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Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets, Net and Accounts Payable and Other Liabilities | 5. Other Assets, Net and Accou nts Payable and Other Liabilities Other assets, net and accounts payable and other liabilities are comprised of the following for the periods presented:
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Other Assets, Net: |  |  |  |  |  |
Lease intangibles, net (Note 6) |  | $ | 94,600 |  |  | $ | 102,374 |
Derivative financial instruments (Note 8) |  |  | 35,867 |  |  |  | 54,902 |
Deferred charges, net (a) |  |  | 29,568 |  |  |  | 28,478 |
Accrued interest receivable (Note 3) |  |  | 19,922 |  |  |  | 18,082 |
Prepaid expenses |  |  | 12,358 |  |  |  | 15,872 |
Due from seller |  |  | 3,036 |  |  |  | 3,036 |
Income taxes receivable |  |  | 1,906 |  |  |  | 1,876 |
Deposits |  |  | 711 |  |  |  | 1,624 |
Corporate assets, net |  |  | 1,200 |  |  |  | 1,287 |
Other receivables |  |  | 1,262 |  |  |  | 2,060 |
|  | $ | 200,430 |  |  | $ | 229,591 |
(a) Deferred Charges, Net: |  |  |  |  |  |
Deferred leasing and other costs (a) |  | $ | 66,646 |  |  | $ | 63,920 |
Deferred financing costs related to line of credit |  |  | 9,494 |  |  |  | 9,494 |
|  |  | 76,140 |  |  |  | 73,414 |
Accumulated amortization |  |  | (46,572 | ) |  |  | (44,936 | )
Deferred charges, net |  | $ | 29,568 |  |  | $ | 28,478 |
Accounts Payable and Other Liabilities: |  |  |  |  |  |
Lease intangibles, net (Note 6) |  | $ | 76,313 |  |  | $ | 78,416 |
Accounts payable and accrued expenses |  |  | 57,216 |  |  |  | 59,922 |
Deferred income |  |  | 33,132 |  |  |  | 34,503 |
Tenant security deposits, escrow and other |  |  | 16,877 |  |  |  | 16,582 |
Lease liability - finance leases, net (Note 11) |  |  | 7,128 |  |  |  | 7,022 |
Derivative financial instruments (Note 8) |  |  | 1,171 |  |  |  | 46 |
|  | $ | 191,837 |  |  | $ | 196,491 |
a) Effective January 1, 2023, the Company implemented compensation plans for its internal leasing representatives to adopt a commission structure paid in connection with new, renewal, and modified leases. At March 31, 2023, deferred leasing and other costs include direct and incremental capitalized internal leasing commissions incurred in connection with executed lease agreements, which are amortized on a straight-line basis over the terms of the related leases.

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