Acquired Below-Market Lease Intangibles (Tables)

3 Months Ended

Mar. 31, 2015

Below Market Lease [Abstract]

Below-market lease, amortization

Summarized is the amortization recorded on the below-market lease intangible liabilities for the three months ended March 31, 2015 and 2014 (in thousands):

	2015		2014
Acquired below-market leases(1)	$	1,657	$	888

⁽¹⁾Amortization recorded on acquired below-market leases was an adjustment to rental revenue in the consolidated statements of operations.

Acquired below-market leases, future amortization

Estimated future amortization income of the intangible lease liabilities as of March 31, 2015 for the remainder of 2015 and for each of the four succeeding calendar years and thereafter is as follows (in thousands):

Year	Below-Market Leases
April 1 to December 31, 2015	$	4,938
2016	6,124
2017	5,192
2018	4,150
2019	3,414
2020 and thereafter	20,299
Total	$	44,117