Acquired In-Place Leases And Above/Below Market Leases

9 Months Ended

Sep. 30, 2011

Acquired In-Place Leases And Above/Below Market Leases [Abstract]

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 September 30, 2011 and December 31, 2010 (in thousands):

	September 30, 2011			December 31, 2010
In-place leases	$	60,540		$	41,108
Accumulated amortization		(29,038	)		(30,901	)
Above market leases		43,064			33,557
Accumulated amortization		(24,344	)		(21,433	)
Acquired lease intangible assets, net		50,222			22,331
Below market leases		70,332			54,576
Accumulated accretion		(20,618	)		(21,546	)
Acquired lease intangible liabilities, net	$	49,714		$	33,030