Acquired Intangibles Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

Acquired Intangible Assets and Liabilities

Schedule of carrying values for the major classes of intangible assets and liabilities

		March 31, 2017						December 31, 2016
	Useful Lives	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer Relationships	1 to 12 years	$	95,705	$	(14,423)	$	81,282	$	95,705	$	(12,358)	$	83,347
In-Place Leases	0.5 to 17 years		45,813		(10,971)		34,842		45,813		(9,219)		36,594
Platform Intangible	3 years		9,600		(5,733)		3,867		9,600		(4,933)		4,667
Acquired Favorable Leases	0.5 to 8 years		4,649		(1,382)		3,267		4,652		(1,013)		3,639
Tradenames	3 years		3,100		(1,851)		1,249		3,100		(1,593)		1,507
Total Intangible Assets		$	158,867	$	(34,360)	$	124,507	$	158,870	$	(29,116)	$	129,754
Acquired Unfavorable Leases
Acquired below market leases - as Lessor	3 to 4 years		809		(197)		612		809		(138)		671
Acquired above market leases - as Lessee	11 to 12 years		2,453		(388)		2,065		2,453		(334)		2,119
Total Intangible Liabilities (1)		$	3,262	$	(585)	$	2,677	$	3,262	$	(472)	$	2,790

Schedule of estimated amortization of acquired favorable and unfavorable leases

The estimated amortization of acquired favorable and unfavorable leases for each of the five succeeding fiscal years ending December 31 is as follows (in thousands):

	Rental Revenue Decreases		Rental Expense Decreases
2017 (April - December)	$	768	$	163
2018		682		216
2019		479		216
2020		647		216
2021		46		216
Thereafter		33		1,038
Total	$	2,655	$	2,065

Schedule of estimated amortization of all other identified intangible assets

The estimated amortization of all other identified intangible assets for each of the five succeeding fiscal years ending December 31 is as follows (in thousands):

2017 (April - December)	$	14,110
2018		15,383
2019		12,773
2020		12,187
2021		10,946
Thereafter		55,841
Total	$	121,240