Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

Intangible assets on the balance sheets as of March 31, 2017 and December 31, 2016 included the following (in thousands):

	March 31, 2017		December 31, 2016
In-place leases, net of accumulated amortization of $61,658 and $46,899 in 2017 and 2016, respectively	$	182,908	$	185,251
Above-market tenant leases, net of accumulated amortization of $8,792 and $6,515 in 2017 and 2016, respectively	37,914		40,260
Below-market ground lease, net of accumulated amortization of $138 and $69 in 2017 and 2016, respectively	18,274		18,344
Goodwill	1,674		1,674
	$	240,770	$	245,529

Summary of goodwill activity

The following is a summary of goodwill activity for the three months ended March 31, 2017 and 2016 (in thousands):

	Three Months Ended March 31,
	2017		2016
Beginning balance	$	1,674	$	3,647
Allocated to property sales	—		(21		)
Ending balance	$	1,674	$	3,626