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Acquired Lease Intangibles (Tables)
3 Months Ended
Mar. 31, 2015
Acquired Lease Intangibles [Abstract]  
Summary Of Acquired Lease Intangibles
The following summarizes our acquired lease intangibles related to above/below-market leases (in thousands) as of:
 
March 31, 2015
 
December 31, 2014
 
 
 
 
Above-market tenant leases(1)
$
4,883

 
$
3,040

Accumulated amortization(2)
(2,195
)
 
(2,082
)
Below-market ground leases
3,198

 
3,198

Accumulated amortization(3)
(648
)
 
(629
)
Acquired lease intangible assets, net
$
5,238

 
$
3,527

 
 
 
 
Below-market tenant leases(1)
$
140,721

 
$
138,088

Accumulated accretion(2)
(105,655
)
 
(102,335
)
Above-market ground leases(4)
6,160

 
16,200

Accumulated accretion(3)(4)
(2,565
)
 
(5,994
)
Acquired lease intangible liabilities, net
$
38,661

 
$
45,959


________________________________________________    
(1)
Includes leases from an office property that we purchased in the first quarter of 2015. See Note 3.
(2)
Net accretion of above- and below-market tenant leases recorded as an increase to rental income totaled $3.2 million and $3.5 million for the three months ended March 31, 2015 and 2014, respectively.
(3)
Net accretion of above- and below-market ground leases recorded as a decrease to office rental operating expense totaled $13 thousand and $45 thousand for three months ended March 31, 2015 and 2014, respectively. Net amortization of above- and below-market ground leases recorded as a decrease to rental income totaled $19 thousand and $15 thousand for the three months ended March 31, 2015 and 2014, respectively.
(4)
In the first quarter of 2015, we recognized an additional $6.6 million of accretion for an above-market ground lease in other income related to the purchase of the Harbor Court Land (see Note 3) and removed the cost and accumulated accretion of $10.0 million for that ground lease from our balance sheet.