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Deferred Leasing Costs and Acquisition-related Intangible Assets and Liabilities, net (Tables)
 9 Months Ended
Sep. 30, 2015
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 September 30, 2015 and December 31, 2014:

 
September 30, 2015
 
December 31, 2014
 
(in thousands)
Deferred Leasing Costs and Acquisition-Related Intangible Assets, net:
 
 
 
Deferred leasing costs
$
201,605

 
$
216,102

Accumulated amortization
(74,997
)
 
(74,904
)
Deferred leasing costs, net
126,608

 
141,198

Above-market operating leases
11,026

 
20,734

Accumulated amortization
(6,380
)
 
(13,952
)
Above-market operating leases, net
4,646

 
6,782

In-place leases
74,071

 
97,250

Accumulated amortization
(32,331
)
 
(43,773
)
In-place leases, net
41,740

 
53,477

Below-market ground lease obligation
490

 
490

Accumulated amortization
(27
)
 
(21
)
Below-market ground lease obligation, net
463

 
469

Total deferred leasing costs and acquisition-related intangible assets, net
$
173,457

 
$
201,926

Acquisition-Related Intangible Liabilities, net: (1)
 
 
 
Below-market operating leases
$
55,136

 
$
68,051

Accumulated amortization
(26,632
)
 
(30,620
)
Below-market operating leases, net
28,504

 
37,431

Above-market ground lease obligation
6,320

 
6,320

Accumulated amortization
(399
)
 
(324
)
Above-market ground lease obligation, net
5,921

 
5,996

Total acquisition-related intangible liabilities, net
$
34,425

 
$
43,427

________________________
(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 for the three and nine months ended September 30, 2015 and 2014, including amounts attributable to discontinued operations for 2014:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
 
(in thousands)
Deferred leasing costs (1)
$
6,932

 
$
7,132

 
$
20,847

 
$
20,683

Above-market operating leases (2)
487

 
1,305

 
2,135

 
4,230

In-place leases (1)
3,073

 
5,169

 
11,710

 
17,090

Below-market ground lease obligation (3)
2

 
2

 
6

 
6

Below-market operating leases (4)
(2,228
)
 
(2,940
)
 
(8,905
)
 
(10,054
)
Above-market ground lease obligation (5)
(26
)
 
(26
)
 
(76
)
 
(76
)
Total
$
8,240

 
$
10,642

 
$
25,717

 
$
31,879

________________________
(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 September 30, 2015 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 2015
$
6,740

 
$
399

 
$
2,800

 
$
2

 
$
(2,044
)
 
$
(25
)
2016
25,662

 
1,499

 
10,449

 
8

 
(7,638
)
 
(101
)
2017
22,661

 
1,241

 
9,113

 
8

 
(7,017
)
 
(101
)
2018
19,023

 
831

 
6,373

 
8

 
(5,735
)
 
(101
)
2019
15,150

 
643

 
4,714

 
8

 
(3,597
)
 
(101
)
Thereafter
37,372

 
33

 
8,291

 
429

 
(2,473
)
 
(5,492
)
Total
$
126,608

 
$
4,646

 
$
41,740

 
$
463

 
$
(28,504
)
 
$
(5,921
)
________________________
(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.