PREPAID EXPENSES AND OTHER ASSETS, NET

3 Months Ended

Mar. 31, 2016

Prepaid Expense and Other Assets [Abstract]

PREPAID EXPENSES AND OTHER ASSETS, NET

PREPAID EXPENSES AND OTHER ASSETS, NET

The following table summarizes the significant components of prepaid expenses and other assets, net:

	March 31, 2016		December 31, 2015
	(In thousands)
Above-market tenant leases, net (Note 2)	$	36,999	$	40,180
Prepaid expenses	3,629		4,372
Below-market ground leases, net (Note 2)	2,951		2,990
Deposits	494		424
Other	467		1,068
Total prepaid expenses and other assets, net	$	44,540	$	49,034