Investments in Real Estate (Tables)

3 Months Ended

Mar. 31, 2014

Investments in Real Estate

Schedule of future impact of above-market, below-market and in-place lease intangibles

The following table presents the impact during the next five years and thereafter related to the net decrease to rental revenue from the amortization of the acquired above-market and below-market lease intangibles and the increase to amortization expense from the amortization of the in-place lease intangibles for properties owned at March 31, 2014 (in thousands):

	Net decrease			Increase to
	to rental			amortization
	revenue			expense
2014	$	(6,152	)	$	58,966
2015	(8,271		)	76,791
2016	(8,283		)	76,385
2017	(8,387		)	75,164
2018	(8,376		)	72,635
Thereafter	(7,799		)	423,659
Totals	$	(47,268	)	$	783,600