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Acquired In-Place Leases and Above/Below Market Leases (Notes)
 12 Months Ended
Dec. 31, 2016
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, 2016
 
December 31, 2015
In-place leases
$
48,741

 
$
52,289

Accumulated amortization
(38,906
)
 
(38,425
)
Above market leases
21,667

 
22,201

Accumulated amortization
(19,579
)
 
(18,864
)
Acquired lease intangible assets, net
$
11,923

 
$
17,201

Below market leases
$
66,521

 
$
68,973

Accumulated accretion
(33,073
)
 
(30,806
)
Acquired lease intangible liabilities, net
$
33,448

 
$
38,167



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 $3.5 million, $2.9 million and $2.8 million in 2016, 2015 and 2014, respectively. The remaining weighted-average amortization period as of December 31, 2016, is 2.5 years, 1.0 years and 7.2 years for in-place leases, above market leases and below market leases, respectively. Below market leases include $15.8 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,
  
2016
 
2015
 
2014
Amortization of in-place leases
$
(4,029
)
 
$
(4,767
)
 
$
(5,903
)
Amortization of above market leases
(1,248
)
 
(1,767
)
 
(2,296
)
Amortization of below market leases
4,719

 
4,686

 
5,057

Net loss
$
(558
)
 
$
(1,848
)
 
$
(3,142
)

As of December 31, 2016, 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,
 
 
 
 
 
2017
$
3,091

 
$
932

 
$
4,152

2018
1,893

 
628

 
3,567

2019
1,452

 
319

 
3,476

2020
909

 
99

 
2,912

2021
558

 
24

 
2,470

Thereafter
1,932

 
86

 
16,871

 
$
9,835

 
$
2,088

 
$
33,448