Other Assets and Intangibles, net

9 Months Ended

Sep. 30, 2023

Other assets and intangibles consist of the following (in thousands):


	September 30, 2023		December 31, 2022
Intangible assets, net:
In-place leases	$	52,940	$	61,918
Above-market leases		5,061		6,206
Lease origination costs		8,103		8,093
Tenant relationships		8,358		11,531
Total intangible assets(A)		74,462		87,748
Operating lease ROU assets		17,665		18,197
Other assets:
Prepaid expenses		10,839		6,721
Swap receivable		11,520		8,138
Other assets		2,118		3,491
Deposits		2,676		3,188
Deferred charges, net		5,875		7,526
Total other assets, net	$	125,155	$	135,009

Below-market leases, net (other liabilities)(B)	$	48,833	$	59,825

(A)

The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $5.5 million and $7.1 million for the three months ended September 30, 2023 and 2022, respectively and $17.7 million and $20.7 million for the nine months ended September 30, 2023 and 2022, respectively.

(B)

Change as a result of the write-off of unamortized below-market lease intangibles due to the early termination of tenant leases of $8.6 million for the nine months ended September 30, 2023.