Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

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

Intangible Assets

At December 31, 2014 and 2013, intangible assets included the following (in thousands):

	2014		2013
In-place leases, net of accumulated amortization of $62,302 and $26,239 in 2014 and 2013, respectively	$	147,360	$	152,830
Above-market tenant leases, net of accumulated amortization of $13,748 and $11,284 in 2014 and 2013, respectively	12,017		12,332
Below-market ground lease, net of accumulated amortization of $21 in 2013	—		1,680
Goodwill	3,867		4,131
	$	163,244	$	170,973

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
2015	$	(10,477	)	$	(55	)	$	2,784	$	32,993	$	25,245
2016	(9,803		)	(55		)	2,397		27,305		19,844
2017	(8,884		)	(55		)	1,717		20,430		13,208
2018	(8,092		)	(55		)	1,489		16,882		10,224
2019	(6,050		)	(55		)	997		11,760		6,652
Thereafter	(24,160		)	(2,279		)	2,633		37,990		14,184
	$	(67,466	)	$	(2,554	)	$	12,017	$	147,360	$	89,357
Weighted average remaining lease term	9 years			49 years			7 years		7 years

Summary of Goodwill Activity

The following is a summary of goodwill activity for the years ended December 31, 2014 and 2013 (in thousands):

	2014			2013
Beginning Balance	$	4,131		$	4,751
Allocated to property sales	(264		)	(620		)
Ending Balance	$	3,867		$	4,131