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Acquired In-Place Leases and Above/Below Market Leases (Notes)
 12 Months Ended
Dec. 31, 2013
Leases [Abstract]  
ACQUIRED IN-PLACE LEASES AND ABOVE/BELOW MARKET LEASES
ACQUIRED IN-PLACE LEASES AND ABOVE/BELOW MARKET LEASES
The following summarizes our acquired lease intangibles, which are included in other assets and other liabilities and deferred credits (in thousands):
    
 
December 31, 2013
 
December 31, 2012
In-place leases
$
62,813

 
$
72,598

Accumulated amortization
(38,279
)
 
(38,290
)
Above market leases
28,279

 
32,846

Accumulated amortization
(20,880
)
 
(21,363
)
Acquired lease intangible assets, net
$
31,933

 
$
45,791

Below market leases
$
76,502

 
$
80,071

Accumulated accretion
(28,592
)
 
(25,721
)
Acquired lease intangible liabilities, net
$
47,910

 
$
54,350



The value allocated to in-place leases is amortized over the related lease term as depreciation and amortization expense in the statement of income. Above and below market leases are amortized over the related lease term as additional rental income for below market leases or a reduction of rental income for above market leases in the statement of income. Rental income (loss) included net amortization from acquired above and below market leases of $2.4 million, $(0.2) million and $(1.1) million in 2013, 2012 and 2011, respectively. The remaining weighted-average amortization period as of December 31, 2013, is 3.8 years, 2.3 years and 8.7 years for in-place leases, above market leases and below market leases, respectively. Below market leases include $21.0 million related to below market renewal options, and the weighted-average period prior to the commencement of the renewal options is 9.9 years.

Increases (decreases) in net income as a result of amortization of our in-place leases, above market leases and below market leases are as follows (in thousands): 
    
 
Year Ended December 31,
  
2013
 
2012
 
2011
Amortization of in-place leases
$
(9,120
)
 
$
(10,248
)
 
$
(8,859
)
Amortization of above market leases
(4,052
)
 
(5,739
)
 
(5,684
)
Amortization of below market leases
6,440

 
5,502

 
4,567

Net loss
$
(6,732
)
 
$
(10,485
)
 
$
(9,976
)

As of December 31, 2013, the amortization for acquired leases during the next five years and thereafter, assuming no early lease terminations, is as follows (in thousands): 
    
 
In-Place
Leases
 
Above Market
Leases
 
Below Market
Leases
Year Ending December 31,
 
 
 
 
 
2014
$
5,849

 
$
2,296

 
$
4,989

2015
4,777

 
1,752

 
4,588

2016
3,958

 
1,263

 
4,453

2017
3,193

 
932

 
4,097

2018
1,897

 
628

 
3,577

Thereafter
4,860

 
528

 
26,206

 
$
24,534

 
$
7,399

 
$
47,910