ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2020

Other Liabilities Disclosure [Abstract]

Schedule of Composition of Accounts Payable, Accrued Expenses and Other Liabilites

The following is a summary of the composition of accounts payable, accrued expenses other liabilities in the consolidated balance sheets:

	Balance at
(Amounts in thousands)	September 30, 2020		December 31, 2019
Deferred tenant revenue	$	24,942	$	26,224
Accrued interest payable	9,958		9,729
Accrued capital expenditures and leasing costs	9,777		7,893
Security deposits	6,129		5,814
Deferred tax liability, net(1)	283		5,137
Accrued payroll expenses	5,900		5,851
Other liabilities and accrued expenses	11,407		15,996
Total accounts payable, accrued expenses and other liabilities	$	68,396	$	76,644

(1) The balance as of December 31, 2019 comprises the deferred tax liabilities, net in connection with the Company’s two malls in Puerto Rico, with a $4.0 million net liability resulting from The Outlets at Montehiedra and $1.1 million net liability resulting from Las Catalinas Mall. As a result of the refinancing and restructuring transactions which occurred in June 2020 at The Outlets at Montehiedra, the Company’s deferred tax liability, net balance as of September 30, 2020 exclusively comprises Las Catalinas Mall.