Supplemental Detail for Certain Components of Consolidated Balance Sheets (Tables)

9 Months Ended

Sep. 30, 2016

Supplemental Detail for Certain Components of Consolidated Balance Sheets

Schedule of acquired lease intangible assets, net

A.    Acquired lease intangible assets, net, consist of the following	September 30,			December 31,
(dollars in thousands) at:	2016			2015
Acquired in-place leases	$	1,142,053		$	1,056,715
Accumulated amortization of acquired in-place leases	(334,018		)	(264,399		)
Acquired above-market leases	361,490			304,548
Accumulated amortization of acquired above-market leases	(81,877		)	(62,447		)
	$	1,087,648		$	1,034,417

Other assets, net

	September 30,		December 31,
B.    Other assets, net, consist of the following (dollars in thousands) at:	2016		2015
Prepaid expenses	14,209		14,258
Restricted escrow deposits	11,586		4,179
Credit facility origination costs, net	8,043		10,226
Notes receivable issued in connection with property sales	5,419		17,905
Corporate assets, net	3,032		2,313
Impounds related to mortgages payable	2,637		5,860
Other items	757		44
	$	45,683	$	54,785

Distributions payable

C.    Distributions payable consist of the following declared	September 30,		December 31,
distributions (dollars in thousands) at:	2016		2015
Common stock distributions	$	52,429	$	47,963
Preferred stock dividends	2,257		2,257
Noncontrolling interests distributions	82		124
	$	54,768	$	50,344

Accounts payable and accrued expenses

D.    Accounts payable and accrued expenses consist of the	September 30,		December 31,
following (dollars in thousands) at:	2016		2015
Notes payable - interest payable	$	30,145	$	61,486
Property taxes payable	21,162		13,354
Mortgages, term loans, credit line - interest payable and interest rate swaps	12,616		6,813
Accrued costs on properties under development	11,428		9,976
Other items	22,190		24,197
	$	97,541	$	115,826

Schedule of acquired lease intangible liabilities, net

E.    Acquired lease intangible liabilities, net, consist of the	September 30,			December 31,
following (dollars in thousands) at:	2016			2015
Acquired below-market leases	$	315,301		$	288,412
Accumulated amortization of acquired below-market leases	(50,256		)	(37,496		)
	$	265,045		$	250,916

Other liabilities

F.    Other liabilities consist of the following	September 30,		December 31,
(dollars in thousands) at:	2016		2015
Rent received in advance  and other deferred revenue (1)	$	86,479	$	42,840
Security deposits	6,487		6,418
Capital lease obligations	4,939		4,707
	$	97,905	$	53,965

(1) In connection with Diageo’s sale of its wine business to Treasury Wine Estates, we will release Diageo from its guarantee of our leases in exchange for Diageo’s payment of $75 million of additional rent to us.  The additional rent is being paid in two equal installments, one of which was received in August 2016 for $37.5 million and was recorded as prepaid rent.  Upon our receipt of the final expected payment in January 2017 of $37.5 million, Treasury Wine Estates will become the guarantor of our leases on those properties.  We have accounted for this transaction as a lease modification and the additional rent will be recognized on a straight-line basis over the remaining lease terms of approximately 15 years.