Acquired in-Place Leases and Above/Below Market Leases

6 Months Ended

Jun. 30, 2012

Acquired in Place Leases and Above Below Market Leases [Abstract]

Acquired In-Place Leases and Above/Below Market Leases

NOTE 3. ACQUIRED IN-PLACE LEASES AND ABOVE/BELOW MARKET LEASES

The following summarizes our acquired lease intangibles and leasing costs, which are included in other assets and other liabilities and deferred credits, as of June 30, 2012 and December 31, 2011 (in thousands):

	June 30, 2012			December 31, 2011
In-place leases	$	61,431		$	59,812
Accumulated amortization		(34,447	)		(30,924	)
Above market leases		33,053			42,428
Accumulated amortization		(18,905	)		(25,657	)
Acquired lease intangible assets, net	$	41,132		$	45,659
Below market leases	$	71,530		$	70,332
Accumulated accretion		(23,987	)		(21,715	)
Acquired lease intangible liabilities, net	$	47,543		$	48,617