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


	March 31, 2024		December 31, 2023
Intangible assets, net:
In-place leases	$	44,583	$	50,282
Above-market leases		2,998		3,593
Lease origination costs		7,959		8,249
Tenant relationships		6,368		6,866
Total intangible assets(A)		61,908		68,990
Operating lease ROU assets		17,107		17,373
Other assets:
Loan commitment fees(B)		16,011		13,485
Prepaid expenses		12,941		5,104
Swap receivables(C)		9,722		11,115
Other assets		1,584		2,294
Deposits		2,760		2,857
Deferred charges, net		4,774		5,325
Total other assets, net	$	126,807	$	126,543

Below-market leases, net (other liabilities)	$	43,241	$	46,096

(A)

The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $4.7 million and $6.2 million for the three months ended March 31, 2024 and 2023, respectively.

(B)

Fees related to a commitment obtained in October 2023 for a lender to provide a $1.1 billion mortgage facility to be secured by an originally identified group of 40 properties (the “Mortgage Facility”). The fees paid to date related to the Mortgage Facility are recorded as a deferred fee as the facility has not closed and therefore no amounts have been drawn. The Company may proceed to close and draw all or a portion of the Mortgage Facility on any date prior to October 25, 2024, subject to the satisfaction of various closing conditions. Once amounts are drawn on the Mortgage Facility, the fees, including a funding fee to be paid at closing, will be classified as a contra asset to the borrowings and amortized over the life of the Mortgage Facility. If it becomes probable that the debt, or a portion of the debt, will not be drawn upon, the fees paid to date, or a portion of the fees paid to date, will be expensed. For the three months ended March 31, 2024, the Company wrote-off $0.7 million of fees to Other Income (Expense), net, on the Company’s Consolidated Statements of Operations because the maximum amount available to be borrowed under the Mortgage Facility decreased to $1.0 billion due to the release of two properties that were originally identified to serve as collateral for the Mortgage Facility.

(C)

Includes cash flow hedge and derivative on unsecured notes (Note 6).