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Goodwill and Other Intangibles (Tables)
 9 Months Ended
Sep. 30, 2015
Goodwill And Intangible Assets Liabilities Disclosure [Abstract]  
Schedule Of Acquired Finite Lived Intangible Assets Liabilities By Major Class
In connection with our investment activity during the nine months ended September 30, 2015, we recorded net lease intangibles comprised as follows (life in years, dollars in thousands):
 
Weighted-Average Life
 
Amount
Amortizable Intangible Assets
 
 
 
In-place lease
12.9
 
$
70,411

Above-market rent
15.1
 
29,554

Below-market ground lease
73.4
 
6,963

 
 
 
$
106,928

 
 
 
 
Amortizable Intangible Liabilities
 
 
 
Below-market rent
14.6
 
$
(6,492
)
Schedule Of Goodwill
The following table presents a reconciliation of our goodwill (in thousands):
 
Real Estate Ownership
 
Investment Management
 
Total
Balance at January 1, 2015
$
628,808

 
$
63,607

 
$
692,415

Foreign currency translation adjustments and other
(8,330
)
 
—

 
(8,330
)
Acquisition of investment accounted for as business combination
1,704

 
—

 
1,704

Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale
(1,213
)
 
—

 
(1,213
)
Balance at September 30, 2015
$
620,969

 
$
63,607

 
$
684,576
Schedule Of Intangible Assets And Goodwill
Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands):
 
September 30, 2015
 
December 31, 2014
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Amortizable Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
Management contracts
$
32,765

 
$
(32,765
)
 
$
—

 
$
32,765

 
$
(32,765
)
 
$
—

Internal-use software development costs
19,033

 
(1,529
)
 
17,504

 
17,584

 
(26
)
 
17,558

 
51,798

 
(34,294
)
 
17,504

 
50,349

 
(32,791
)
 
17,558

Lease Intangibles:
 
 
 
 
 
 
 
 
 
 
 
In-place lease and tenant relationship
1,206,398

 
(277,436
)
 
928,962

 
1,185,692

 
(191,873
)
 
993,819

Above-market rent
655,288

 
(162,534
)
 
492,754

 
639,370

 
(116,573
)
 
522,797

Below-market ground lease
22,626

 
(768
)
 
21,858

 
17,771

 
(435
)
 
17,336

 
1,884,312

 
(440,738
)
 
1,443,574

 
1,842,833

 
(308,881
)
 
1,533,952

Unamortizable Goodwill and Indefinite-Lived Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
Goodwill
684,576

 
—

 
684,576

 
692,415

 
—

 
692,415

Trade name
3,975

 
—

 
3,975

 
3,975

 
—

 
3,975

 
688,551

 
—

 
688,551

 
696,390

 
—

 
696,390

Total intangible assets
$
2,624,661

 
$
(475,032
)
 
$
2,149,629

 
$
2,589,572

 
$
(341,672
)
 
$
2,247,900

 
 
 
 
 
 
 
 
 
 
 
 
Amortizable Intangible Liabilities
 
 
 
 
 
 
 
 
 
 
 
Below-market rent
$
(171,809
)
 
$
34,371

 
$
(137,438
)
 
$
(169,231
)
 
$
23,039

 
$
(146,192
)
Above-market ground lease
(13,117
)
 
1,619

 
(11,498
)
 
(13,311
)
 
1,144

 
(12,167
)
 
(184,926
)
 
35,990

 
(148,936
)
 
(182,542
)
 
24,183

 
(158,359
)
Unamortizable Intangible Liabilities
 
 
 
 
 
 
 
 
 
 
 
Below-market purchase option
(16,711
)
 
—

 
(16,711
)
 
(16,711
)
 
—

 
(16,711
)
Total intangible liabilities
$
(201,637
)
 
$
35,990

 
$
(165,647
)
 
$
(199,253
)
 
$
24,183

 
$
(175,070
)
Schedule Of Finite Lived Intangible Assets Future Amortization Expense
Based on the intangible assets and liabilities recorded at September 30, 2015, scheduled annual net amortization of intangibles for the remainder of 2015, each of the next four calendar years following December 31, 2015, and thereafter is as follows (in thousands):
Years Ending December 31,
 
Net Decrease in
Lease Revenues
 
Increase to Amortization/
Property Expenses
 
Net
2015 (remainder)
 
$
13,705

 
$
28,290

 
$
41,995

2016
 
53,226

 
112,271

 
165,497

2017
 
50,578

 
108,917

 
159,495

2018
 
47,388

 
99,682

 
147,070

2019
 
43,454

 
94,175

 
137,629

Thereafter
 
146,965

 
513,491

 
660,456

Total
 
$
355,316

 
$
956,826

 
$
1,312,142