Acquired Intangible Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2017

Acquired Intangible Assets And Liabilities [Abstract]

Summary of Acquired Intangible Assets

The following summarizes our acquired intangible assets (real estate intangibles, comprised of acquired in-place lease value and tenant relationship value along with acquired above-market lease value) and intangible liabilities (acquired below-market lease value) as of June 30, 2017 and December 31, 2016.

	Balance as of
(Amounts in thousands)	June 30, 2017			December 31, 2016
Real Estate Intangibles:
Acquired in-place lease value:
Gross amount	$	905,260		$	896,693
Accumulated amortization	(550,054		)	(517,443		)
Net	$	355,206		$	379,250
Tenant relationship value:
Gross amount	$	987,316		$	971,519
Accumulated amortization	(118,122		)	(82,069		)
Net	$	869,194		$	889,450
Acquired above-market leases:
Gross amount	$	112,118		$	110,142
Accumulated amortization	(92,402		)	(87,961		)
Net	$	19,716		$	22,181
Acquired below-market leases:
Gross amount	$	287,061		$	283,899
Accumulated amortization	(210,962		)	(202,000		)
Net	$	76,099		$	81,899

Schedule of Estimated Annual Amortization of Below Market Leases

Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years and thereafter, commencing July 1, 2017 is as follows:

(Amounts in thousands)
Remainder of 2017	$	3,210
2018	5,498
2019	5,661
2020	7,483
2021	7,483
Thereafter	27,048
Total	$	56,383

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

Estimated annual amortization of acquired in-place lease value for each of the five succeeding years and thereafter, commencing July 1, 2017 is as follows:

(Amounts in thousands)
Remainder of 2017	$	28,116
2018	47,222
2019	39,842
2020	36,697
2021	34,351
Thereafter	168,978
Total	$	355,206

Estimated annual amortization of customer contracts for each of the five succeeding years and thereafter, commencing July 1, 2017 is as follows:

(Amounts in thousands)
Remainder of 2017	$	35,452
2018	70,905
2019	70,905
2020	70,905
2021	70,905
Thereafter	550,122
Total	$	869,194