Quarterly report pursuant to Section 13 or 15(d)

DEFERRED CHARGES AND OTHER ASSETS, NET (Tables)

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DEFERRED CHARGES AND OTHER ASSETS, NET (Tables)
 9 Months Ended
Sep. 30, 2023
Other Assets [Abstract]  
Schedule Of Deferred Charges, Goodwill And Other Assets
(dollars in thousands) September 30,
2023		 December 31,
2022
Deferred leasing costs $ 11,128 $ 59,651
Deferred financing costs - revolving credit facility (a) 771 6,684
11,899 66,335
Accumulated amortization (7,872) (30,471)
Deferred charges, net 4,027 35,864
Notes receivable (b) 55 1,309
In-place lease values, related intangibles and other assets, net (c) 10,165 12,298
Right of use assets (c) 6,401 2,238
Prepaid expenses and other assets, net 40,116 44,453
Total deferred charges and other assets, net $ 60,764 $ 96,162
(a)Deferred financing costs related to all other debt liabilities (other than for the revolving credit facility) are netted against those debt liabilities for all periods presented. See Note 2 to the Company's 2022 10-K: Significant Accounting Policies – Deferred Financing Costs.
(b)As of December 31, 2022, balance included an interest-free note receivable with a net present value of $0.2 million which matured in April 2023, and seller-financing of $1.0 million, net of a loan loss allowance of $26.0 thousand, to the buyers of the Metropark portfolio, which matured in May 2023.
(c)This amount has a corresponding liability of $7.5 million and $3.2 million as of September 30, 2023 and December 31, 2022, respectively, which is included in Accounts payable, accrued expense and other liabilities. See Note 12: Commitments and Contingencies – Office and Ground Lease agreements for further details.
Schedule Of Fair Value Of The Derivative Financial Instruments
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of September 30, 2023 and December 31, 2022 (dollars in thousands):
Asset Derivatives designated
as hedging instruments
 Fair Value
Balance sheet location
September 30,
2023		 December 31,
2022
Interest rate caps $ 8,253  $ 9,808  Deferred charges and other assets
Schedule Of Cash Flow Hedging, Derivative Financial Instruments On The Income Statement
The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended September 30, 2023 and 2022, respectively (dollars in thousands):
Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Loss) Recognized in OCI on Derivative Location of Gain or (Loss) Reclassified from Accumulated OCI into Income  Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income  Total Amount of Interest Expense presented in the consolidated statements of operations
Three months ended September 30, 2023 2022 2023 2022 2023 2022
Interest Rate Caps $ 658  $ 2,787  Interest expense $ 1,372  $ 211  $ (23,715) $ (18,819)
Nine months ended September 30,
Interest Rate Caps $ 2,356  $ 4,912  Interest expense $ 2,478  $ 213  $ (67,422) $ (45,167)