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INTANGIBLES (Tables)
6 Months Ended
Jun. 30, 2012
INTANGIBLES  
Schedule of Intangibles

 

 

 
  June 30, 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

  $ 213,296     9.7   $ 210,358     10.1  

In-place and other lease intangibles

    706,819     22.2     590,500     22.4  

Other intangibles

    34,796     9.1     16,169     13.5  

Accumulated amortization

    (270,775 )   N/A     (188,442 )   N/A  

Goodwill

    493,298     N/A     448,393     N/A  
                       

Net intangible assets

  $ 1,177,434     18.4   $ 1,076,978     18.5  
                       

Intangible liabilities:

                         

Below market lease intangibles

  $ 429,532     15.5   $ 442,612     15.3  

Other lease intangibles

    27,406     10.0     27,157     7.9  

Accumulated amortization

    (58,595 )   N/A     (37,607 )   N/A  

Purchase option intangibles

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

Net intangible liabilities

  $ 464,705     15.3   $ 544,832     15.2  
                       

N/A—Not Applicable.