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INTANGIBLES (Tables)
3 Months Ended
Mar. 31, 2012
INTANGIBLES  
Schedule of Intangibles

 

 

 
  March 31, 2012   December 31, 2011  
 
  Balance   Remaining
Weighted
Average
Amortization
Period in
Years
  Balance   Remaining
Weighted
Average
Amortization
Period in
Years
 
 
  (Dollars in thousands)
 

Intangible assets:

                         

Above market lease intangibles

  $ 210,109     10.1   $ 210,358     10.1  

In-place and other lease intangibles

    589,027     23.6     590,500     22.4  

Other intangibles

    15,904     13.7     16,169     13.5  

Accumulated amortization

    (224,290 )   N/A     (188,442 )   N/A  

Goodwill

    448,053     N/A     448,393     N/A  
                       

Net intangible assets

  $ 1,038,803     19.2   $ 1,076,978     18.5  
                       

Intangible liabilities:

                         

Below market lease intangibles

  $ 436,416     15.3   $ 442,612     15.3  

Other lease intangibles

    26,777     7.7     27,157     7.9  

Accumulated amortization

    (49,273 )   N/A     (37,607 )   N/A  

Purchase option intangibles

    66,362     N/A     112,670     N/A  
                       

Net intangible liabilities

  $ 480,282     15.1   $ 544,832     15.2  
                       

N/A—Not Applicable.