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Intangible Assets
 6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
INTANGIBLE ASSETS
Intangible assets on the balance sheets as of June 30, 2014 and December 31, 2013 included the following (in thousands):
 
 
June 30, 2014
 
December 31, 2013
In-place leases, net of accumulated amortization of $47,850 and $26,239 in 2014 and 2013, respectively
 
$
131,219

 
$
152,830

Above-market tenant leases, net of accumulated amortization of $12,700 and $11,284 in 2014 and 2013, respectively
 
10,742

 
12,332

Below-market ground lease, net of accumulated amortization of $41 and $21 in 2014 and 2013, respectively
 
1,659

 
1,680

Goodwill
 
4,101

 
4,131

 
 
$
147,721

 
$
170,973



Goodwill relates entirely to the office reportable segment. As office assets are sold, either by the Company or by joint ventures in which the Company has an ownership interest, goodwill is reduced. The following is a summary of goodwill activity for the six months ended June 30, 2014 and 2013 (in thousands):
 
Six Months Ended June 30,
 
2014
 
2013
Beginning balance
$
4,131

 
$
4,751

Allocated to property sales
(30
)
 
(604
)
Ending balance
$
4,101

 
$
4,147