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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Significant Accounting Policies  
Schedule of estimated useful lives of real estate assets

 

Category

 

Years

 

Commercial buildings

 

39

 

Building improvements

 

15-39

 

Fixtures and equipment

 

3-7

 

 

Schedule of estimated annual amortization expense for succeeding five years for acquired in-place lease and above-market leases

 

(in thousands)

 

December 31,

 

2014

 

$

42,243

 

2015

 

36,876

 

2016

 

30,807

 

2017

 

24,524

 

2018

 

19,369

 

2019 and thereafter

 

29,635

 

Schedule of estimated annual amortization for unfavorable leases

 

(in thousands)

 

 

 

2014

 

$

3,267

 

2015

 

2,948

 

2016

 

2,387

 

2017

 

1,816

 

2018

 

1,397

 

2019 and thereafter

 

2,360

 

Schedule of estimated annual amortization for deferred leasing commissions

 

(in thousands)

 

 

 

2014

 

$

5,240

 

2015

 

4,669

 

2016

 

4,193

 

2017

 

3,312

 

2018

 

2,945

 

2019 and thereafter

 

7,476

 

Summary of rental revenue

 

 

 

 

Year Ended

 

 

 

December 31,

 

(in thousands)

 

2013

 

2012

 

2011

 

Income from leases

 

$

159,472

 

$

116,494

 

$

98,080

 

Reimbursable expenses

 

41,486

 

29,847

 

26,006

 

Straight-line rent adjustment

 

5,755

 

4,366

 

9,863

 

Amortization of favorable and unfavorable leases

 

213

 

(273

)

(3

)

 

 

$

206,926

 

$

150,434

 

$

133,946