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Acquired Lease Intangibles (Tables)
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Lease Intangibles

Summary of our Acquired Lease Intangibles

 (In thousands)
September 30, 2019
 
December 31, 2018
 
 
 
 
Above-market tenant leases
$
3,745

 
$
5,595

Above-market tenant leases - accumulated amortization
(1,800
)
 
(3,289
)
Above-market ground lease where we are the lessor
1,152

 
1,152

Above-market ground lease - accumulated amortization
(220
)
 
(207
)
Acquired lease intangible assets, net
$
2,877

 
$
3,251

 
 
 
 
Below-market tenant leases
$
86,159

 
$
112,175

Below-market tenant leases - accumulated accretion
(47,775
)
 
(63,013
)
Above-market ground lease where we are the tenant(1)
—

 
4,017

Above-market ground lease - accumulated accretion(1)
—

 
(610
)
Acquired lease intangible liabilities, net
$
38,384

 
$
52,569


______________________________________________
(1) Upon adoption of ASU 2016-02 on January 1, 2019 we adjusted the ground lease right-of-use asset carrying value for the carrying value of the above-market ground lease - see Notes 2 and 4.
Schedule of Net Amortization or Accretion of Above- and Below-Market Leases
The table below summarizes the net amortization/accretion related to our above- and below-market leases:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 (In thousands)
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Net accretion of above- and below-market tenant lease assets and liabilities(1)
$
4,009

 
$
4,940

 
$
12,533

 
$
17,218

Amortization of an above-market ground lease asset(2)
(6
)
 
(5
)
 
(14
)
 
(13
)
Accretion of an above-market ground lease liability(3)
—

 
13

 
—

 
38

Total
$
4,003

 
$
4,948

 
$
12,519

 
$
17,243

______________________________________________
(1)
Recorded as a net increase to office and multifamily rental revenues.
(2)
Recorded as a decrease to office parking and other income.
(3)
Recorded as a decrease to office expense. Upon adoption of ASU 2016-02 on January 1, 2019 we adjusted the ground lease right-of-use asset carrying value with the carrying value of the above-market ground lease - see Notes 2 and 4.