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Deferred Leasing Costs and Acquisition-related Intangible Assets and Liabilities, net (Tables)
 3 Months Ended
Mar. 31, 2016
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, 2016 and December 31, 2015:

 
March 31, 2016
 
December 31, 2015
 
(in thousands)
Deferred Leasing Costs and Acquisition-Related Intangible Assets, net:
 
 
 
Deferred leasing costs
$
223,224

 
$
205,888

Accumulated amortization
(77,211
)
 
(72,745
)
Deferred leasing costs, net
146,013

 
133,143

Above-market operating leases
10,688

 
10,989

Accumulated amortization
(6,830
)
 
(6,739
)
Above-market operating leases, net
3,858

 
4,250

In-place leases
70,644

 
72,639

Accumulated amortization
(34,703
)
 
(33,810
)
In-place leases, net
35,941

 
38,829

Below-market ground lease obligation
490

 
490

Accumulated amortization
(31
)
 
(29
)
Below-market ground lease obligation, net
459

 
461

Total deferred leasing costs and acquisition-related intangible assets, net
$
186,271

 
$
176,683

Acquisition-Related Intangible Liabilities, net: (1)
 
 
 
Below-market operating leases
$
52,733

 
$
53,502

Accumulated amortization
(28,300
)
 
(27,074
)
Below-market operating leases, net
24,433

 
26,428

Above-market ground lease obligation
6,320

 
6,320

Accumulated amortization
(450
)
 
(424
)
Above-market ground lease obligation, net
5,870

 
5,896

Total acquisition-related intangible liabilities, net
$
30,303

 
$
32,324

________________________
(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 months ended March 31, 2016 and 2015:

 
Three Months Ended March 31,
 
2016
 
2015
 
(in thousands)
Deferred leasing costs (1)
$
6,783

 
$
6,822

Above-market operating leases (2)
392

 
911

In-place leases (1)
2,888

 
4,221

Below-market ground lease obligation (3)
2

 
2

Below-market operating leases (4)
(1,995
)
 
(2,839
)
Above-market ground lease obligation (5)
(25
)
 
(25
)
Total
$
8,045

 
$
9,092

________________________
(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.
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, 2016 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 2016
$
20,497

 
$
1,109

 
$
7,725

 
$
6

 
$
(5,689
)
 
$
(75
)
2017
24,704

 
1,241

 
9,036

 
8

 
(6,997
)
 
(101
)
2018
21,490

 
831

 
6,296

 
8

 
(5,713
)
 
(101
)
2019
17,492

 
643

 
4,637

 
8

 
(3,574
)
 
(101
)
2020
13,515

 
16

 
2,789

 
8

 
(2,035
)
 
(101
)
Thereafter
48,315

 
18

 
5,458

 
421

 
(425
)
 
(5,391
)
Total
$
146,013

 
$
3,858

 
$
35,941

 
$
459

 
$
(24,433
)
 
$
(5,870
)
________________________
(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.