Deferred Revenue and Acquisition Related Liabilities, net

12 Months Ended

Dec. 31, 2016

Deferred Revenue Disclosure [Abstract]

Deferred Revenue and Acquisition Related Liabilities, net

Deferred revenue and acquisition-related liabilities, net consisted of the following at December 31, 2016 and 2015:



	December 31,
	2016		2015
	(in thousands)
Deferred revenue related to tenant-funded tenant improvements ⁽¹⁾	$	99,489	$	90,825
Other deferred revenue	9,293		5,007
Acquisition-related intangible liabilities, net ⁽²⁾	41,578		32,324
Total	$	150,360	$	128,156

________________________


(1)	Excludes deferred revenue related to tenant-funded tenant improvements related to properties held for sale at December 31, 2015.


(2)	See Note 2 “Basis of Presentation and Significant Accounting Policies” and Note 5 “Deferred Leasing Costs and Acquisition-related Intangible Assets and Liabilities, net” for additional information.

Deferred Revenue Related to Tenant-funded Tenant Improvements

During the years ended December 31, 2016, 2015, and 2014, $13.2 million, $13.3 million and $11.0 million, respectively, of deferred revenue related to tenant-funded tenant improvements (including discontinued operations for the year ended December 31, 2014) was amortized and recognized as rental income. The following is the estimated amortization of deferred revenue related to tenant-funded tenant improvements as of December 31, 2016 for the next five years and thereafter:



Year Ending	(in thousands)
2017	$	14,453
2018	13,891
2019	12,349
2020	11,767
2021	10,524
Thereafter	36,505
Total	$	99,489