TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES

As of December 31, 2015 and 2014, 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
	December 31, 2015			December 31, 2014			December 31, 2015			December 31, 2014			December 31, 2015			December 31, 2014
Cost	$	43,894		$	50,807		$	2,399		$	3,752		$	(5,826	)	$	(7,585	)
Accumulated Amortization	(22,749		)	(19,113		)	(1,361		)	(1,691		)	3,091			3,182
Net Amount	$	21,145		$	31,694		$	1,038		$	2,061		$	(2,735	)	$	(4,403	)

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 years ended December 31, 2015, 2014 and 2013 are as follows (in thousands):



	Tenant Origination and Absorption Costs									Above-Market Lease Assets									Below-Market Lease Liabilities
	For the Years Ended December 31,									For the Years Ended December 31,									For the Years Ended December 31,
	2015			2014			2013			2015			2014			2013			2015		2014		2013
Amortization	$	(10,555	)	$	(15,020	)	$	(10,942	)	$	(1,023	)	$	(1,070	)	$	(1,456	)	$	1,668	$	2,409	$	1,565

The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2015 will be amortized for the years ending December 31 as follows (in thousands):



	Tenant Origination and Absorption Costs			Above-Market Lease Assets			Below-Market Lease Liabilities
2016	$	(7,417	)	$	(443	)	$	1,115
2017	(5,209		)	(275		)	745
2018	(3,383		)	(130		)	488
2019	(1,998		)	(82		)	159
2020	(1,282		)	(63		)	110
Thereafter	(1,856		)	(45		)	118
	$	(21,145	)	$	(1,038	)	$	2,735
Weighted-Average Remaining Amortization Period	4.1 years			3.3 years			3.3 years

Additionally, as of December 31, 2015 and 2014, the Company had recorded tax abatement intangible assets, net of amortization, which are included in prepaid expenses and other assets in the accompanying balance sheets, of $7.2 million and $8.2 million, respectively. During the years ended December 31, 2015 and 2014, the Company recorded amortization expense of $1.0 million and $0.9 million related to tax abatement intangible assets, respectively.