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TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2016
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 September 30, 2016 and December 31, 2015, 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
 
September 30,
2016
 
December 31,
2015
 
September 30,
2016
 
December 31,
2015
 
September 30,
2016
 
December 31,
2015
Cost
$
273,414

 
$
273,758

 
$
14,804

 
$
15,573

 
$
(56,764
)
 
$
(56,996
)
Accumulated Amortization
(96,651
)
 
(71,836
)
 
(6,005
)
 
(4,596
)
 
20,446

 
15,296

Net Amount
$
176,763

 
$
201,922

 
$
8,799

 
$
10,977

 
$
(36,318
)
 
$
(41,700
)
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 and nine months ended September 30, 2016 and 2015 were as follows (in thousands):
 
Tenant Origination and
Absorption Costs
 
Above-Market
Lease Assets
 
Below-Market
Lease Liabilities
 
For the Three Months Ended September 30,
 
For the Three Months Ended September 30,
 
For the Three Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Amortization
$
(11,208
)
 
$
(11,536
)
 
$
(718
)
 
$
(823
)
 
$
2,474

 
$
2,798

 
Tenant Origination and
Absorption Costs
 
Above-Market
Lease Assets
 
Below-Market
Lease Liabilities
 
For the Nine Months Ended September 30,
 
For the Nine Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Amortization
$
(35,100
)
 
$
(32,631
)
 
$
(2,186
)
 
$
(2,935
)
 
$
9,055

 
$
7,825