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Deferred Leasing Costs and Acquisition-related Intangible Assets and Liabilities, net (Tables)
9 Months Ended
Sep. 30, 2012
Intangible Assets and Liabilities Disclosure [Abstract]  
Summary of identified deferred leasing costs and acquisition-related intangible assets and liabilities [Table Text Block]
The following table summarizes our deferred leasing costs and acquisition-related intangible assets (acquired value of leasing costs, above-market operating leases, in-place leases and below-market ground lease obligation) and intangible liabilities (acquired value of below-market operating leases and above-market ground lease obligation) as of September 30, 2012 and December 31, 2011:
 
 
September 30, 2012
 
December 31, 2011
 
(in thousands)
Deferred Leasing Costs and Acquisition-related Intangible Assets, net(1):
 
 
 
Deferred leasing costs
$
153,288

 
$
142,652

Accumulated amortization
(55,641
)
 
(52,974
)
Deferred leasing costs, net
97,647

 
89,678

Above-market operating leases
27,927

 
28,143

Accumulated amortization
(10,691
)
 
(8,101
)
Above-market operating leases, net
17,236

 
20,042

In-place leases
98,788

 
61,355

Accumulated amortization
(26,901
)
 
(15,753
)
In-place leases, net
71,887

 
45,602

Below-market ground lease obligation
690

 
200

Accumulated amortization
(153
)
 

Below-market ground lease obligation, net
537

 
200

Total deferred leasing costs and acquisition-related intangible assets, net
$
187,307

 
$
155,522

Acquisition-related Intangible Liabilities, net(1)(2):
 
 
 
Below-market operating leases
$
70,036

 
$
37,582

Accumulated amortization
(13,984
)
 
(6,158
)
Below-market operating leases, net
56,052

 
31,424

Above-market ground lease obligation
6,320

 
5,200

Accumulated amortization
(97
)
 
(37
)
Above-market ground lease obligation, net
6,223

 
5,163

Total acquisition-related intangible liabilities, net
$
62,275

 
$
36,587

________________________
(1)
Balances and accumulated amortization amounts at September 30, 2012 reflect the write-off of the following fully amortized amounts at January 1, 2012: deferred leasing costs (approximately $9.5 million), above-market leases (approximately $1.6 million), in-place leases (approximately $3.7 million), and below-market leases (approximately $1.0 million).
(2)
Included in deferred revenue and acquisition-related intangible liabilities, net in the consolidated balance sheets.
Schedule Of Finite Lived Intangible Assets and Liabilities Amortization Expense [Table Text Block]
The following table sets forth amortization related to deferred leasing costs and acquisition-related intangibles for the three and nine months ended September 30, 2012 and 2011:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2012
 
2011
 
2012
 
2011
 
(in thousands)
 
(in thousands)
Deferred leasing costs(1)
$
5,238

 
$
4,317

 
$
14,126

 
$
12,053

Above-market operating leases(2)
1,459

 
1,502

 
4,205

 
4,095

In-place leases(1)
6,479

 
3,379

 
14,858

 
8,238

Below-market ground lease obligation(3)
52

 

 
153

 

Below-market operating leases(4)
(3,487
)
 
(1,381
)
 
(8,821
)
 
(2,576
)
Above-market ground lease obligation(5)
(25
)
 
16

 
(60
)
 
21

Total
$
9,716

 
$
7,833

 
$
24,461

 
$
21,831

_________________________
(1)
The amortization of deferred leasing costs and in-place leases is recorded to depreciation and amortization expense in the consolidated statements of operations for the periods presented.
(2)
The amortization of above-market operating leases is recorded as a decrease to rental income in the consolidated statements of operations for the periods presented.
(3)
The amortization of the below-market ground lease obligation is recorded as an increase to ground lease expense in the consolidated statements of operations for the periods presented.
(4)
The amortization of below−market operating leases is recorded as an increase to rental income in the consolidated statements of operations for the periods presented.
(5)
The amortization of the above-market ground lease obligation is recorded as a decrease to ground lease expense in the consolidated statements of operations for the periods presented.
ScheduleofFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpense [Table Text Block]
The following table sets forth the estimated annual amortization expense related to deferred leasing costs and acquisition−related intangibles as of September 30, 2012 for future periods:
Year
Deferred Leasing Costs
 
Above-Market Operating Leases(1)
 
In-Place Leases
 
Below-Market Ground Lease Obligation(2)
 

Below-Market Operating Leases(3)
 
Above-Market Ground Lease Obligation(4)
 
(in thousands)
Remaining 2012
$
5,599

 
$
1,485

 
$
6,950

 
$
52

 
$
(3,497
)
 
$
(25
)
2013
20,523

 
5,293

 
22,881

 
8

 
(12,946
)
 
(101
)
2014
18,131

 
4,313

 
15,219

 
8

 
(11,202
)
 
(101
)
2015
14,389

 
2,534

 
9,614

 
8

 
(8,811
)
 
(101
)
2016
11,821

 
1,506

 
6,505

 
8

 
(6,641
)
 
(101
)
Thereafter
27,184

 
2,105

 
10,718

 
453

 
(12,955
)
 
(5,794
)
Total
$
97,647

 
$
17,236

 
$
71,887

 
$
537

 
$
(56,052
)
 
$
(6,223
)
_______________________
(1)
Represents estimated annual amortization related to above-market operating leases. Amounts will be recorded as a decrease to rental income in the consolidated statements of operations.
(2)
Represents estimated annual amortization related to below−market ground lease obligations. Amounts will be recorded as an increase to ground lease expense in the consolidated statements of operations.
(3)
Represents estimated annual amortization related to below-market operating leases. Amounts will be recorded as an increase to rental income in the consolidated statements of operations.
(4)
Represents estimated annual amortization related to above−market ground lease obligations. Amounts will be recorded as a decrease to ground lease expense in the consolidated statements of operations.