Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

INTANGIBLE ASSETS

Intangible assets on the balance sheets as of March 31, 2016 and December 31, 2015 included the following (in thousands):

	March 31, 2016		December 31, 2015
In-place leases, net of accumulated amortization of $94,141 and $88,035 in 2016 and 2015, respectively	$	106,617	$	112,937
Above-market tenant leases, net of accumulated amortization of $15,187 and $15,423 in 2016 and 2015, respectively	7,486		8,031
Goodwill	3,626		3,647
	$	117,729	$	124,615

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 three months ended March 31, 2016 and 2015 (in thousands):

	Three Months Ended March 31,
	2016			2015
Beginning balance	$	3,647		$	3,867
Allocated to property sales	(21		)	—
Ending balance	$	3,626		$	3,867