PREPAID EXPENSES AND OTHER ASSETS (Tables)

9 Months Ended

Sep. 30, 2020

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

Schedule of Composition of Prepaid Expenses and Other Assets

The following is a summary of the composition of the prepaid expenses and other assets in the consolidated balance sheets:

	Balance at
(Amounts in thousands)	September 30, 2020		December 31, 2019
Other assets	$	7,520	$	7,460
Deferred tax asset, net(1)	10,023		—
Real estate held for sale	—		6,574
Deposits for acquisitions	—		10,000
Prepaid expenses:
Real estate taxes	6,806		6,491
Insurance	3,107		1,520
Licenses/fees	1,711		1,655
Total Prepaid expenses and other assets	$	29,167	$	33,700

(1) The balance as of September 30, 2020 comprises the deferred tax asset, net resulting from the refinancing and restructuring transactions, which occurred in June 2020 at the Company's mall in Puerto Rico, The Outlets at Montehiedra, offset by the property’s preexisting deferred tax liability, net balance and valuation allowance.