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OTHER LIABILITIES AND DEFERRED CREDITS
 9 Months Ended
Sep. 30, 2025
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES AND DEFERRED CREDITS OTHER LIABILITIES AND DEFERRED CREDITS
Other liabilities and deferred credits consist of the following (in thousands):
September 30, 2025December 31, 2024
Acquired below market leases, net$11,321 $13,076 
Prepaid rent and deferred revenue19,830 17,408 
Deferred compensation3,230 2,968 
Deferred tax liability773 781 
Straight-line rent liability7,026 7,692 
Lease liability19,493 20,638 
Other liabilities32 25 
Total other liabilities and deferred credits, net$61,705 $62,588 
Straight-line rent liability relates to leases which have rental payments that decrease over time or one-time upfront payments for which the rental revenue is deferred and recognized on a straight-line basis.