Other Assets, Net and Accounts Payable and Other Liabilities

12 Months Ended

Dec. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets, Net and Accounts Payable and Other Liabilities

5. Other Assets, Net and Accounts Payable and Other Liabilities

Other assets, net and accounts payable and other liabilities are comprised of the following for the periods presented:

	December 31,			December 31,
(in thousands)	2024			2023
Other Assets, Net:
Lease intangibles, net (Note 6)	$	86,853		$	100,594
Derivative financial instruments (Note 8)		31,145			28,989
Deferred charges, net (A)		39,189			31,074
Accrued interest receivable (Note 3)		32,154			25,553
Prepaid expenses		15,448			15,204
Due from seller		2,343			2,631
Income taxes receivable		1,475			1,141
Deposits		12,074			575
Corporate assets, net		563			924
Other receivables		2,523			1,775
	$	223,767		$	208,460
(A) Deferred Charges, Net:
Deferred leasing and other costs (a)	$	82,770		$	73,908
Deferred financing costs related to line of credit		13,889			9,829
		96,659			83,737
Accumulated amortization		(57,470	)		(52,663	)
Deferred charges, net	$	39,189		$	31,074
Accounts Payable and Other Liabilities:
Lease intangibles, net (Note 6)	$	77,534		$	73,994
Accounts payable and accrued expenses		68,354			61,425
Deferred income		39,351			34,386
Tenant security deposits, escrow and other		14,515			17,939
Lease liability - finance leases, net (Note 11)		31,374			32,739
Derivative financial instruments (Note 8)		1,598			8,892
	$	232,726		$	229,375

(a)At December 31, 2024 and 2023, deferred leasing and other costs include direct and incremental capitalized internal leasing commissions incurred in connection with executed lease agreements of $4.1 million and $2.2 million, respectively, which are amortized on a straight-line basis over the terms of the related leases.