OTHER LIABILITIES AND DEFERRED CREDITS

3 Months Ended

Mar. 31, 2019

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):

	March 31, 2019		December 31, 2018
Acquired below market leases, net	$	24,884	$	25,952
Prepaid rent and deferred revenue	11,020		11,634
Interest rate swap liability	1,092		801
Deferred rent expense and lease intangible	1,424		2,210
Deferred compensation	1,438		1,424
Deferred tax liability	93		93
Straight-line rent liability	7,929		7,393
Lease liability	7,692		—
Other liabilities	46		40
Total other liabilities and deferred credits, net	$	55,618	$	49,547

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.