Other Liabilities, Net

12 Months Ended

Dec. 31, 2019

Other Liabilities Disclosure [Abstract]

The following is a summary of other liabilities, net:



	December 31,
	2019			2018
	(In thousands)
Lease intangible liabilities	$	38,577		$	40,179
Accumulated amortization	(26,253		)	(26,081		)
Lease intangible liabilities, net	$	12,324		$	14,098
Prepaid rent	23,612			21,998
Lease assumption liabilities	17,589			23,105
Lease incentive liabilities	20,854			9,317
Lease liabilities related to operating right-of-use assets ⁽¹⁾	28,476			—
Finance lease liability ⁽²⁾	—			15,704
Security deposits	16,348			17,696
Environmental liabilities	17,898			17,898
Ground lease deferred rent payable ⁽³⁾	—			3,510
Net deferred tax liability	5,542			6,878
Dividends payable	34,012			45,193
Derivative agreements, at fair value	17,440			1,723
Other	11,947			4,486
Total other liabilities, net	$	206,042		$	181,606

^{__________________________}


⁽¹⁾	Related to our adoption of Topic 842 on January 1, 2019. See Note 2 for additional information.


⁽²⁾	In December 2019, we sold a 50.0% interest in Central Place Tower, which resulted in the deconsolidation of the entity that was the lessee to our sole finance lease. See Note 6 for additional information.


⁽³⁾	In connection with our adoption of Topic 842 on January 1, 2019, the ground lease deferred rent payable balance as of December 31, 2018 was included in the initial determination of the operating right-of-use assets. See Note 2 for additional information.

Amortization expense included in "Property rentals revenue" in our statements of operations related to lease intangible liabilities for each of the three years in the period ended December 31, 2019 was $2.5 million, $2.6 million and $2.3 million.

The following is a summary of the estimated amortization of lease intangible liabilities for the next five years and thereafter as of December 31, 2019,:



Year ending December 31,	Amount
	(in thousands)
2020	$	2,017
2021	1,800
2022	1,781
2023	1,773
2024	1,755
Thereafter	3,198
Total	$	12,324