Intangible Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Intangible Assets and Liabilities

The following summarizes our identified assets (primarily acquired above-market leases and acquired in-place leases) and intangible liabilities (primarily acquired below-market leases) as of December 31, 2015 and December 31, 2014.

	As of
(Amounts in thousands)	December 31, 2015			December 31, 2014
Intangible assets:
Gross amount	$	655,194		$	689,894
Accumulated amortization		(143,987	)		(20,509	)
	$	511,207		$	669,385
Intangible liabilities:
Gross amount	$	221,672		$	222,985
Accumulated amortization		(41,931	)		(3,757	)
	$	179,741		$	219,228

Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases

Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2016 is as follows:

(Amounts in thousands)
2016	$	20,229
2017		6,738
2018		8,646
2019		7,965
2020		6,590

Leases, Acquired-in-Place [Member]

Schedule of Estimated Annual Amortization of Acquired In-Place Leases

Estimated annual amortization of acquired in-place leases for each of the five succeeding years commencing January 1, 2016 is as follows:

(Amounts in thousands)
2016	$	87,289
2017		55,417
2018		49,071
2019		44,458
2020		38,944