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


	December 31, 2024
	Asset		Accumulated Amortization			Net
Intangible assets, net:
In-place leases	$	53,964	$	(45,641	)	$	8,323
Above-market leases		3,855		(3,492	)		363
Lease origination costs		5,732		(4,884	)		848
Tenant relationships		23,894		(20,487	)		3,407
Total intangible assets, net		87,445		(74,504	)		12,941
Operating lease ROU assets(A)							15,818
Other assets:
Prepaid expenses							4,283
Other assets							1,192
Deposits							2,051
Total other assets, net						$	36,285
	Liability		Accumulated Amortization			Net
Below-market leases(B)	$	16,034	$	(6,728	)	$	9,306

(A)

Operating lease ROU assets are discussed further in Note 5.

(B)

Includes $1.2 million related to a below-market lease option for the Company’s Beachwood headquarters included in the Separation and Distribution Agreement with Curbline Properties.


	December 31, 2023
	Asset		Accumulated Amortization			Net
Intangible assets, net:
In-place leases	$	137,706	$	(113,986	)	$	23,720
Above-market leases		18,762		(16,921	)		1,841
Lease origination costs		14,355		(11,976	)		2,379
Tenant relationships		79,107		(72,387	)		6,720
Total intangible assets, net		249,930		(215,270	)		34,660
Operating lease ROU assets							17,373
Other assets:
Loan commitment fee(A)							13,485
Prepaid expenses							5,002
Swap receivables(B)							11,115
Other assets							2,294
Deposits							2,543
Deferred charges, net							5,325
Total other assets, net						$	91,797
	Liability		Accumulated Amortization			Net
Below-market leases	$	55,594	$	(30,741	)	$	24,853

(A)

Fees related to a commitment obtained in October 2023 for a $1.1 billion mortgage facility to be secured by an originally identified group of 40 properties (the “Mortgage Commitment”). The fees paid to date related to the Mortgage Commitment were recorded as a deferred fee as the facility had not closed and therefore no amounts had been drawn. The Company terminated the Mortgage Commitment in August 2024 when it closed a separate $530.0 million mortgage financing on different terms (Note 6). At termination, when it became probable that the Mortgage Commitment would not be drawn upon, the remaining fees were expensed. For the year ended December 31, 2024, the Company wrote-off $21.2 million of fees relating to the Mortgage Commitment to Debt extinguishment costs on the Company’s consolidated statements of operations.

(B)

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