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Other Assets, Net and Accounts Payable and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets 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)	2025			2024
Other Assets, Net:
Lease intangibles, net (Note 6)	$	123,307		$	86,853
Derivative financial instruments (Note 8)		19,490			31,145
Deferred charges, net (A)		39,589			39,189
Accrued interest receivable (Note 3)		33,866			32,154
Prepaid expenses		12,808			15,448
Due from seller		2,259			2,343
Income taxes receivable		1,672			1,475
Deposits		610			12,074
Corporate assets, net		499			563
Other receivables		2,885			2,523
	$	236,985		$	223,767

(A) Deferred Charges, Net:
Deferred leasing and other costs (a)	$	85,235		$	82,770
Deferred financing costs related to line of credit		13,889			13,889
		99,124			96,659
Accumulated amortization		(59,535	)		(57,470	)
Deferred charges, net	$	39,589		$	39,189

Accounts Payable and Other Liabilities:
Lease intangibles, net (Note 6)	$	98,356		$	77,534
Accounts payable and accrued expenses		69,774			68,354
Deferred income		30,191			39,351
Tenant security deposits, escrow and other		15,905			14,515
Lease liability - finance leases, net (Note 11)		31,619			31,374
Derivative financial instruments (Note 8)		1,859			1,598
	$	247,704		$	232,726

(a)

At March 31, 2025 and December 31, 2024, deferred leasing and other costs include direct and incremental capitalized internal leasing commissions incurred in connection with executed lease agreements of $4.5 million and $4.1 million, respectively, which are amortized on a straight-line basis over the terms of the related leases.