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Acquired In-Place Leases and Above/Below Market Leases (Tables)
12 Months Ended
Dec. 31, 2014
Leases [Abstract]  
Schedule of acquired lease intangibles included in other assets and other liabilities
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,
  
2014
 
2013
 
2012
Amortization of in-place leases
$
(5,903
)
 
$
(9,120
)
 
$
(10,248
)
Amortization of above market leases
(2,296
)
 
(4,052
)
 
(5,739
)
Amortization of below market leases
5,057

 
6,440

 
5,502

Net loss
$
(3,142
)
 
$
(6,732
)
 
$
(10,485
)
The following summarizes our acquired lease intangibles, which are included in other assets and other liabilities and deferred credits (in thousands):
    
 
December 31, 2014
 
December 31, 2013
In-place leases
$
53,967

 
$
62,813

Accumulated amortization
(35,336
)
 
(38,279
)
Above market leases
22,500

 
28,279

Accumulated amortization
(17,397
)
 
(20,880
)
Acquired lease intangible assets, net
$
23,734

 
$
31,933

Below market leases
$
70,013

 
$
76,502

Accumulated accretion
(27,161
)
 
(28,592
)
Acquired lease intangible liabilities, net
$
42,852

 
$
47,910

Future Amortization for Acquired In-Place Leases
As of December 31, 2014, 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,
 
 
 
 
 
2015
$
4,744

 
$
1,752

 
$
4,667

2016
3,954

 
1,263

 
4,525

2017
3,189

 
932

 
4,169

2018
1,893

 
628

 
3,649

2019
1,452

 
318

 
3,560

Thereafter
3,399

 
210

 
22,282

 
$
18,631

 
$
5,103

 
$
42,852