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TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2013
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]  
Tenant Origination and Absorption Costs, Above-Market Lease Assests and Below-Market Lease Liabiities
As of June 30, 2013 and December 31, 2012, the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands):
 
 
Tenant Origination and
Absorption Costs
 
Above-Market
Lease Assets
 
Below-Market
Lease Liabilities
 
 
June 30,
2013
 
December 31,
2012
 
June 30,
2013
 
December 31,
2012
 
June 30,
2013
 
December 31,
2012
Cost
 
$
37,690

 
$
22,998

 
$
4,264

 
$
3,994

 
$
(3,654
)
 
$
(2,157
)
Accumulated Amortization
 
(6,094
)
 
(3,288
)
 
(1,343
)
 
(1,139
)
 
643

 
126

Net Amount
 
$
31,596

 
$
19,710

 
$
2,921

 
$
2,855

 
$
(3,011
)
 
$
(2,031
)
Amortization of Tenant Origination and Absorptoin Costs, Above-Market Leases and Below-Market Lease Liabilities
Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the three and six months ended June 30, 2013 and 2012 are as follows (in thousands):
 
 
Tenant Origination and
Absorption Costs
 
Above-Market
Lease Assets
 
Below-Market
Lease Liabilities
 
 
For the Three Months Ended June 30,
 
For the Three Months Ended June 30,
 
For the Three Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Amortization
 
$
(2,159
)
 
$
(779
)
 
$
(439
)
 
$
(313
)
 
$
342

 
$
33

 
 
Tenant Origination and
Absorption Costs
 
Above-Market
Lease Assets
 
Below-Market
Lease Liabilities
 
 
For the Six Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Amortization
 
$
(3,916
)
 
$
(1,631
)
 
$
(873
)
 
$
(628
)
 
$
532

 
$
69