ACQUIRED IN-PLACE LEASES AND ABOVE/BELOW MARKET LEASES (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of acquired lease intangibles included in other assets and other liabilities

The following summarizes our acquired lease intangibles and leasing costs, which are included in other assets and other liabilities and deferred credits, as of September 30, 2014 and December 31, 2013 (in thousands): 

	September 30, 2014			December 31, 2013
In-place leases	$	54,024		$	62,813
Accumulated amortization	(34,131		)	(38,279		)
Above market leases	22,541			28,279
Accumulated amortization	(16,968		)	(20,880		)
Acquired lease intangible assets, net	$	25,466		$	31,933
Below market leases	$	70,070		$	76,502
Accumulated accretion	(25,959		)	(28,592		)
Acquired lease intangible liabilities, net	$	44,111		$	47,910