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Acquired In-Place Leases and Above/Below Market Leases (Notes)
 12 Months Ended
Dec. 31, 2015
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, 2015
 
December 31, 2014
In-place leases
$
52,289

 
$
53,967

Accumulated amortization
(38,425
)
 
(35,336
)
Above market leases
22,201

 
22,500

Accumulated amortization
(18,864
)
 
(17,397
)
Acquired lease intangible assets, net
$
17,201

 
$
23,734

Below market leases
$
68,973

 
$
70,013

Accumulated accretion
(30,806
)
 
(27,161
)
Acquired lease intangible liabilities, net
$
38,167

 
$
42,852



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) includes net amortization from acquired above and below market leases of $2.9 million, $2.8 million and $2.4 million in 2015, 2014 and 2013, respectively. The remaining weighted-average amortization period as of December 31, 2015, is 2.0 years, 0.7 years and 7.8 years for in-place leases, above market leases and below market leases, respectively. Below market leases include $17.5 million related to below market renewal options, and the weighted-average period prior to the commencement of the renewal options is 9.8 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,
  
2015
 
2014
 
2013
Amortization of in-place leases
$
(4,767
)
 
$
(5,903
)
 
$
(9,120
)
Amortization of above market leases
(1,767
)
 
(2,296
)
 
(4,052
)
Amortization of below market leases
4,686

 
5,057

 
6,440

Net loss
$
(1,848
)
 
$
(3,142
)
 
$
(6,732
)

As of December 31, 2015, 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,
 
 
 
 
 
2016
$
3,931

 
$
1,248

 
$
4,605

2017
3,189

 
932

 
4,235

2018
1,893

 
628

 
3,572

2019
1,452

 
319

 
3,481

2020
909

 
99

 
2,917

Thereafter
2,490

 
111

 
19,357

 
$
13,864

 
$
3,337

 
$
38,167