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

As of December 31, 2012 and December 31, 2011, 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, 2012			December 31, 2011			December 31, 2012			December 31, 2011			December 31, 2012			December 31, 2011
Cost	$	40,418		$	12,080		$	1,025		$	110		$	(5,659	)	$	(308	)
Accumulated Amortization	(6,268		)	(508		)	(144		)	(9		)	507			10
Net Amount	$	34,150		$	11,572		$	881		$	101		$	(5,152	)	$	(298	)

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, 2012 and 2011 were as follows (in thousands):



	Tenant Origination and Absorption Costs						Above-Market Lease Assets						Below-Market Lease Liabilities
	For the Year Ended December 31,						For the Year Ended December 31,						For the Year Ended December 31,
	2012			2011			2012			2011			2012		2011
Amortization	$	(6,424	)	$	(508	)	$	(136	)	$	(9	)	$	519	$	10

The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2012 is estimated to 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
2013	$	(7,899	)	$	(287	)	$	834
2014	(6,469		)	(198		)	818
2015	(5,281		)	(137		)	760
2016	(4,614		)	(115		)	678
2017	(3,526		)	(102		)	560
Thereafter	(6,361		)	(42		)	1,502
	$	(34,150	)	$	(881	)	$	5,152
Weighted-Average Remaining Amortization Period	5.8 years			4.2 years			7.2 years