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TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2014
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]  
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities
As of March 31, 2014 and December 31, 2013, 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
 
 
March 31,
2014
 
December 31,
2013
 
March 31,
2014
 
December 31,
2013
 
March 31,
2014
 
December 31,
2013
Cost
 
$
57,063

 
$
48,012

 
$
4,471

 
$
4,394

 
$
(8,089
)
 
$
(5,955
)
Accumulated Amortization
 
(14,671
)
 
(10,751
)
 
(1,643
)
 
(1,459
)
 
1,934

 
1,535

Net Amount
 
$
42,392

 
$
37,261

 
$
2,828

 
$
2,935

 
$
(6,155
)
 
$
(4,420
)
Amortization of Tenant Origination and Absorption 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 months ended March 31, 2014 and 2013 were as follows (in thousands):
 
 
Tenant Origination and
Absorption Costs
 
Above-Market
Lease Assets
 
Below-Market
Lease Liabilities
 
 
For the Three Months Ended March 31,
 
For the Three Months Ended March 31,
 
For the Three Months Ended March 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Amortization
 
$
(4,368
)
 
$
(1,469
)
 
$
(303
)
 
$
(272
)
 
$
657

 
$
190