Goodwill and Other Intangibles (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible lease assets and liabilities of the Company consisted of the following as of March 31, 2017 and December 31, 2016 (amounts in thousands, except weighted-average useful life):



	Weighted-Average Useful Life	March 31, 2017		December 31, 2016
Intangible lease assets:
In-place leases, net of accumulated amortization of $525,079 and $494,131, respectively	14.7	$	1,148,158	$	1,192,756
Leasing commissions, net of accumulated amortization of $2,158 and $1,836, respectively	10.3	10,570		10,231
Above-market lease assets and deferred lease incentives, net of accumulated amortization of $74,206 and $69,670, respectively	16.1	257,568		275,897
Total intangible lease assets, net		$	1,416,296	$	1,478,884

Intangible lease liabilities:
Below-market leases, net of accumulated amortization of $61,631 and $56,891, respectively	18.1	$	217,721	$	224,023

Schedule of Projected Amortization Expense and Adjustments

The following table provides the projected amortization expense and adjustments to rental income related to the intangible lease assets and liabilities for the next five years as of March 31, 2017 (amounts in thousands):



	April 1, 2017 - December 31, 2017		2018		2019		2020		2021
In-place leases:
Total projected to be included in amortization expense	$	111,195	$	136,056	$	124,895	$	116,752	$	107,913
Leasing commissions:
Total projected to be included in amortization expense	1,008		1,164		1,098		1,076		1,038
Above-market lease assets and deferred lease incentives:
Total projected to be deducted from rental income	18,533		24,098		22,184		21,748		21,234
Below-market lease liabilities:
Total projected to be included in rental income	16,204		19,672		18,939		17,775		16,425