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Deferred Leasing Costs and Lease Intangibles, net (Tables)
3 Months Ended
Mar. 31, 2016
Leases [Abstract]  
Schedule of Deferred Leasing Cost and Lease Intangibles
The following summarizes the Company’s deferred leasing cost and lease intangibles as of:

 
 
 
March 31, 2016
 
December 31, 2015
Above-market leases
 
$
38,266

 
$
38,481

Accumulated amortization
 
(20,726
)
 
(17,210
)
Above-market leases, net
 
17,540

 
21,271

Deferred leasing costs and in-place lease intangibles
 
359,937

 
352,276

Accumulated amortization
 
(121,906
)
 
(112,337
)
Deferred leasing costs and in-place lease intangibles, net
 
238,031

 
239,939

Below-market ground leases
 
59,578

 
59,578

Accumulated amortization
 
(3,303
)
 
(2,757
)
Below-market ground leases, net
 
56,275

 
56,821

Deferred leasing costs and lease intangible assets, net
 
$
311,846

 
$
318,031

 
 
 
 
 
Below-market leases
 
$
137,170

 
$
140,041

Accumulated amortization
 
(51,594
)
 
(45,882
)
Below-market leases, net
 
85,576

 
94,159

Above-market ground leases
 
1,095

 
1,095

Accumulated amortization
 
(57
)
 
(46
)
Above-market ground leases, net
 
1,038

 
1,049

Lease intangible liabilities, net
 
$
86,614

 
$
95,208


Schedule of Amortization During Period
The Company recognized the following amortization related to deferred leasing cost and lease intangibles:
 
Three Months Ended March 31,
 
2016
 
2015
Above-market lease(1)
$
3,719

 
$
370

Below-market lease(1)
(8,570
)
 
(1,814
)
Deferred lease costs and in-place lease intangibles(2)
22,568

 
4,230

Above-market ground lease(3)
(11
)
 

Below-market ground lease(3)
546

 
62


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(1)
Amortization is recorded in office rental income in the Consolidated Statements of Operations.
(2)
Amortization is recorded in depreciation and amortization expense in the Consolidated Statements of Operations.
(3)
Amortization is recorded in office operating expenses in the Consolidated Statements of Operations.