Acquired Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 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 September 30, 2017 and December 31, 2016.

	Balance as of
(Amounts in thousands)	September 30, 2017			December 31, 2016
Real Estate Intangibles:
Acquired in-place lease value:
Gross amount	$	1,447,485		$	896,693
Accumulated amortization	(564,924		)	(517,443		)
Net	$	882,561		$	379,250
Tenant relationship value:
Gross amount	$	1,975,311		$	971,519
Accumulated amortization	(138,780		)	(82,069		)
Net	$	1,836,531		$	889,450
Acquired above-market leases:
Gross amount	$	273,146		$	110,142
Accumulated amortization	(94,956		)	(87,961		)
Net	$	178,190		$	22,181
Acquired below-market leases:
Gross amount	$	470,528		$	283,899
Accumulated amortization	(212,796		)	(202,000		)
Net	$	257,732		$	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 October 1, 2017 is as follows:

(Amounts in thousands)
Remainder of 2017	$	(5,228	)
2018	(23,152		)
2019	(11,140		)
2020	858
2021	5,812
Thereafter	112,392
Total	$	79,542

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

Estimated annual amortization of tenant relationship value for each of the five succeeding years and thereafter, commencing October 1, 2017 is as follows:

(Amounts in thousands)
Remainder of 2017	$	36,049
2018	140,933
2019	140,933
2020	140,933
2021	140,933
Thereafter	1,236,750
Total	$	1,836,531

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

(Amounts in thousands)
Remainder of 2017	$	52,026
2018	201,835
2019	141,967
2020	106,494
2021	82,641
Thereafter	297,598
Total	$	882,561