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Supplemental Detail for Certain Components of Consolidated Balance Sheets
9 Months Ended
Sep. 30, 2013
Supplemental Detail for Certain Components of Consolidated Balance Sheets  
Supplemental Detail for Certain Components of Consolidated Balance Sheets

3.         Supplemental Detail for Certain Components of Consolidated Balance Sheets

 

 

 

September 30,

 

December 31,

 

A.     Other assets, net, consist of the following (dollars in thousands) at:

 

2013

 

2012

 

Loans receivable

 

 $

48,736

 

$

35,126

 

Deferred financing costs on notes payable, net

 

35,422

 

29,687

 

Notes receivable issued in connection with property sales

 

19,176

 

19,300

 

Prepaid expenses

 

11,323

 

9,489

 

Note receivable issued in connection with acquisition

 

8,780

 

8,780

 

Restricted escrow deposits

 

7,344

 

1,805

 

Credit facility origination costs, net

 

6,399

 

8,188

 

Impounds related to mortgages payable

 

5,325

 

-

 

Deferred financing costs on mortgages payable, net

 

1,346

 

1,541

 

Corporate assets, net

 

1,213

 

909

 

Deferred financing costs on term loan, net

 

263

 

-

 

Other items

 

761

 

424

 

 

 

 $

146,088

 

$

115,249

 

 

 

 

 

 

 

B.     Acquired lease intangible assets, net, consist of the following

 

September 30,

 

December 31,

 

(dollars in thousands) at:

 

2013

 

2012

 

Acquired in-place leases

 

 $

832,583

 

$

235,914

 

Accumulated amortization of acquired in-place leases

 

(75,955

)

(29,601

)

Acquired above-market leases

 

215,532

 

40,389

 

Accumulated amortization of acquired above-market leases

 

(16,267

)

(4,577

)

 

 

 $

955,893

 

$

242,125

 

 

 

 

 

 

 

C.    Distributions payable consist of the following declared

 

September 30,

 

December 31,

 

distributions (dollars in thousands) at:

 

2013

 

2012

 

Common stock distributions

 

 $

35,704

 

$

20,251

 

Preferred stock dividends

 

3,494

 

3,494

 

Noncontrolling interests distributions

 

161

 

-

 

 

 

 $

39,359

 

$

23,745

 

 

 

 

 

 

 

D.    Accounts payable and accrued expenses consist of the

 

September 30,

 

December 31,

 

following (dollars in thousands) at:

 

2013

 

2012

 

Notes payable - interest payable

 

 $

27,877

 

$

40,061

 

Accrued costs on properties under development

 

11,556

 

8,595

 

Mortgages payable - accrued interest payable

 

3,007

 

648

 

Other items

 

26,859

 

21,122

 

 

 

 $

69,299

 

$

70,426

 

 

E.     Acquired lease intangible liabilities, net, consist of the

 

September 30,

 

December 31,

 

following (dollars in thousands) at:

 

2013

 

2012

 

Acquired below-market leases

 

 $

145,638

 

$

28,975

 

Accumulated amortization of acquired below-market leases

 

(7,945

)

(2,504

)

 

 

 $

137,693

 

$

26,471

 

 

 

 

 

 

 

F.     Other liabilities consist of the following

 

September 30,

 

December 31,

 

(dollars in thousands) at:

 

2013

 

2012

 

Rent received in advance

 

 $

26,007

 

$

20,929

 

Preferred units issued upon acquisition of ARCT

 

6,750

 

-

 

Security deposits

 

6,035

 

5,130

 

 

 

 $

38,792

 

$

26,059