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Other Assets and Intangibles, net | 3 Months Ended
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Mar. 31, 2024
Other Assets [Abstract] |
Other Assets and Intangibles, net | 4. Other Assets and Intangibles, net Other assets and intangibles consist of the following (in thousands):
| March 31, 2024 |  |  | December 31, 2023 |
Intangible assets, net: |  |  |  |  |
In-place leases | $ | 44,583 |  |  | $ | 50,282 |
Above-market leases |  | 2,998 |  |  |  | 3,593 |
Lease origination costs |  | 7,959 |  |  |  | 8,249 |
Tenant relationships |  | 6,368 |  |  |  | 6,866 |
Total intangible assets(A) |  | 61,908 |  |  |  | 68,990 |
Operating lease ROU assets |  | 17,107 |  |  |  | 17,373 |
Other assets: |  |  |  |  |
Loan commitment fees(B) |  | 16,011 |  |  |  | 13,485 |
Prepaid expenses |  | 12,941 |  |  |  | 5,104 |
Swap receivables(C) |  | 9,722 |  |  |  | 11,115 |
Other assets |  | 1,584 |  |  |  | 2,294 |
Deposits |  | 2,760 |  |  |  | 2,857 |
Deferred charges, net |  | 4,774 |  |  |  | 5,325 |
Total other assets, net | $ | 126,807 |  |  | $ | 126,543 |
Below-market leases, net (other liabilities) | $ | 43,241 |  |  | $ | 46,096 |
(A) The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $4.7 million and $6.2 million for the three months ended March 31, 2024 and 2023, respectively. (B) Fees related to a commitment obtained in October 2023 for a lender to provide a $1.1 billion mortgage facility to be secured by an originally identified group of 40 properties (the “Mortgage Facility”). The fees paid to date related to the Mortgage Facility are recorded as a deferred fee as the facility has not closed and therefore no amounts have been drawn. The Company may proceed to close and draw all or a portion of the Mortgage Facility on any date prior to October 25, 2024, subject to the satisfaction of various closing conditions. Once amounts are drawn on the Mortgage Facility, the fees, including a funding fee to be paid at closing, will be classified as a contra asset to the borrowings and amortized over the life of the Mortgage Facility. If it becomes probable that the debt, or a portion of the debt, will not be drawn upon, the fees paid to date, or a portion of the fees paid to date, will be expensed. For the three months ended March 31, 2024, the Company wrote-off $0.7 million of fees to Other Income (Expense), net, on the Company’s Consolidated Statements of Operations because the maximum amount available to be borrowed under the Mortgage Facility decreased to $1.0 billion due to the release of two properties that were originally identified to serve as collateral for the Mortgage Facility. (C) Includes cash flow hedge and derivative on unsecured notes (Note 6).

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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