Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

Intangible assets on the balance sheets as of September 30, 2017 and December 31, 2016 included the following (in thousands):

	September 30, 2017		December 31, 2016
In-place leases, net of accumulated amortization of $85,806 and $46,899 in 2017 and 2016, respectively	$	158,395	$	185,251
Above-market tenant leases, net of accumulated amortization of $12,981 and $6,515 in 2017 and 2016, respectively	33,580		40,260
Below-market ground lease, net of accumulated amortization of $276 and $69 in 2017 and 2016, respectively	18,137		18,344
Goodwill	1,674		1,674
	$	211,786	$	245,529

Summary of goodwill activity

The following is a summary of goodwill activity for the nine months ended September 30, 2017 and 2016 (in thousands):

	Nine Months Ended September 30,
	2017		2016
Beginning balance	$	1,674	$	3,647
Allocated to property sales	—		(21		)
Ending balance	$	1,674	$	3,626