Acquired In-Place Leases And Above/Below Market Leases

6 Months Ended

Jun. 30, 2011

Acquired In-Place Leases And Above/Below Market Leases

Acquired In-Place Leases And Above/Below Market Leases

NOTE 4. ACQUIRED IN-PLACE LEASES AND ABOVE/BELOW MARKET LEASES

The following summarizes our acquired lease intangibles, which are included in prepaid expenses and other assets and other liabilities and deferred credits, as of June 30, 2011 and December 31, 2010 (in thousands):

	June 30, 2011			December 31, 2010
In-place leases	$	59,339		$	41,108
Accumulated amortization		(32,658	)		(30,901	)
Above market leases		41,368			33,557
Accumulated amortization		(23,762	)		(21,433	)
Acquired lease intangible assets, net	$	44,287		$	22,331
Below market leases	$	73,526		$	54,576
Accumulated accretion		(23,198	)		(21,546	)
Acquired lease intangible liabilities, net	$	50,328		$	33,030