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Deferred Leasing Costs and Acquisition-related Intangible Assets and Liabilities, net (Tables)
 3 Months Ended
Mar. 31, 2014
Intangible Assets and Liabilities Disclosure [Abstract]  
Summary of identified deferred leasing costs and acquisition-related intangible assets and liabilities
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 March 31, 2014 and December 31, 2013:

 
March 31, 2014
 
December 31, 2013
 
(in thousands)
Deferred Leasing Costs and Acquisition-Related Intangible Assets, net:
 
 
 
Deferred leasing costs
$
183,813

 
$
178,720

Accumulated amortization
(68,152
)
 
(63,246
)
Deferred leasing costs, net
115,661

 
115,474

Above-market operating leases
27,351

 
27,635

Accumulated amortization
(15,489
)
 
(14,283
)
Above-market operating leases, net
11,862

 
13,352

In-place leases
104,643

 
100,318

Accumulated amortization
(44,175
)
 
(42,999
)
In-place leases, net
60,468

 
57,319

Below-market ground lease obligation
490

 
490

Accumulated amortization
(15
)
 
(13
)
Below-market ground lease obligation, net
475

 
477

Total deferred leasing costs and acquisition-related intangible assets, net
$
188,466

 
$
186,622

Acquisition-Related Intangible Liabilities, net: (1)
 
 
 
Below-market operating leases
$
73,522

 
$
69,385

Accumulated amortization
(28,316
)
 
(25,706
)
Below-market operating leases, net
45,206

 
43,679

Above-market ground lease obligation
6,320

 
6,320

Accumulated amortization
(248
)
 
(223
)
Above-market ground lease obligation, net
6,072

 
6,097

Total acquisition-related intangible liabilities, net
$
51,278

 
$
49,776

_______________
(1)
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
The following table sets forth amortization related to deferred leasing costs and acquisition-related intangibles, including amounts attributable to discontinued operations, for the three months ended March 31, 2014 and 2013:

 
Three Months Ended March 31,
 
2014
 
2013
 
(in thousands)
Deferred leasing costs (1)
$
6,780

 
$
7,844

Above-market operating leases (2)
1,490

 
1,438

In-place leases (1)
6,136

 
7,458

Below-market ground lease obligation (3)
—

 
2

Below-market operating leases (4)
(3,093
)
 
(3,485
)
Above-market ground lease obligation (5)
(25
)
 
(25
)
Total
$
11,288

 
$
13,232

_______________
(1)
The amortization of deferred leasing costs related to lease incentives is recorded to rental income and other 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.
Schedule of Finite Lived Intangible Assets And Liabilities Future Amortization Expense

The following table sets forth the estimated annual amortization expense related to deferred leasing costs and acquisition-related intangibles as of March 31, 2014 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 2014
$
20,006

 
$
3,830

 
$
15,274

 
$
6

 
$
(9,802
)
 
$
(76
)
2015
22,162

 
2,918

 
13,562

 
8

 
(9,577
)
 
(101
)
2016
19,351

 
1,891

 
10,475

 
8

 
(7,847
)
 
(101
)
2017
16,742

 
1,573

 
8,774

 
8

 
(6,780
)
 
(101
)
2018
13,416

 
973

 
5,689

 
8

 
(5,177
)
 
(101
)
Thereafter
23,984

 
677

 
6,694

 
437

 
(6,023
)
 
(5,592
)
Total
$
115,661

 
$
11,862

 
$
60,468

 
$
475

 
$
(45,206
)
 
$
(6,072
)
_______________
(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.