Other Assets (Tables)

12 Months Ended

Dec. 31, 2012

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

At December 31, 2012 and 2011, other assets included the following (in thousands):

	2012		2011
Lease inducements, net of accumulated amortization of $4,718 and $3,696 in 2012 and 2011, respectively	$	11,089	$	12,219
FF&E and leasehold improvements, net of accumulated depreciation of $18,877 and $17,814 in 2012 and 2011, respectively	4,814		4,736
Loan closing costs, net of accumulated amortization of $2,624 and $4,026 in 2012 and 2011, respectively	3,704		1,435
Predevelopment costs and earnest money	3,284		581
Prepaid expenses and other assets	2,044		2,168
Investment in Verde Realty	—		5,868
Intangible Assets:
In-place leases, net of accumulated amortization of $5,729 and $2,833 in 2012 and 2011, respectively	21,637		16,144
Above market leases, net of accumulated amortization of $9,424 and $8,845 in 2012 and 2011, respectively	6,892		4,414
Goodwill	4,751		5,155
	$	58,215	$	52,720

Aggregate Amortization of Intangible Assets and Liabilities

Over the next five years and thereafter, aggregate amortization of these intangible assets and liabilities is anticipated to be as follows (in thousands):

	Below Market Rents			Above Market Ground Lease			Above Market Rents		In Place Leases		Total
2013	$	(363	)	$	(9	)	$	1,062	$	4,175	$	4,865
2014	(340		)	(9		)	1,048		3,657		4,356
2015	(326		)	(9		)	978		3,172		3,815
2016	(276		)	(9		)	910		2,689		3,314
2017	(183		)	(9		)	651		1,825		2,284
Thereafter	(391		)	(624		)	2,243		6,119		7,347
	$	(1,879	)	$	(669	)	$	6,892	$	21,637	$	25,981
Weighted average remaining lease term	6 years			74 years			8 years		7 years		10 years

Summary of Goodwill Activity

The following is a summary of goodwill activity for the years ended December 31, 2012 and 2011 (in thousands):

	2012			2011
Beginning Balance	$	5,155		$	5,430
Allocated to property sales	(404		)	(275		)
Ending Balance	$	4,751		$	5,155