Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Depreciation expense is computed using the straight-line method based on the following useful lives:



	Years
Buildings and Improvements	7 to 50
Land Improvements	3 to 20
Furniture, Fixtures and Equipment	4 to 10
Tenant Improvements	Shorter of Lease Term or Useful Life

Summary of Deferred Leasing Intangibles

Deferred leasing intangibles, net of accumulated amortization, included in our total assets and total liabilities consist of the following:



	December 31, 2014		December 31, 2013
In-Place Leases	$	15,441	$	14,045
Above Market Leases	2,504		3,004
Below Market Ground Lease Obligation	1,823		—
Tenant Relationships	10,936		9,532
Total Included in Total Assets, Net of $26,306 and $26,663 of Accumulated Amortization	$	30,704	$	26,581
Below Market Leases	$	11,097	$	11,879
Total Included in Total Liabilities, Net of $7,981 and $7,604 of Accumulated Amortization	$	11,097	$	11,879

Future Amortization Expense Related to Deferred Leasing Intangibles

We will recognize net amortization expense related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2014 as follows:



	Estimated Amortization of In-Place Leases and Tenant Relationships		Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2015	$	5,465	$	355
2016	$	4,242	$	900
2017	$	3,778	$	863
2018	$	2,919	$	790
2019	$	2,244	$	748