Intangibles (Tables)

12 Months Ended

Dec. 31, 2013

Intangibles

Schedule of intangible lease assets

The Company's intangible lease assets were (in thousands):

	December 31,
Intangible lease assets	2013			2012
Lease-up intangibles	$	578,143		$	580,319
Above market tenant lease intangibles		144,355			153,141
Below market ground lease intangibles		58,939			58,939
Gross intangible lease assets		781,437			792,399
Accumulated depreciation and amortization		(291,595	)		(240,662	)
Net intangible lease assets	$	489,842		$	551,737

Schedule of intangible lease liabilities

The Company's intangible lease liabilities were (in thousands):

	December 31,
Intangible lease liabilities	2013			2012
Below market lease intangibles	$	201,234		$	188,534
Above market ground lease intangibles		6,121			6,091
Gross intangible lease liabilities		207,355			194,625
Accumulated depreciation and amortization		(108,545	)		(90,445	)
Net intangible lease liabilities	$	98,810		$	104,180

Estimated aggregate amortization of intangible assets and liabilities for each of the five succeeding fiscal years and thereafter

Estimated aggregate amortization of intangible assets and liabilities for each of the five succeeding fiscal years and thereafter follows (in thousands):

	Intangible Assets		Intangible Liabilities
2014	$	69,556	$	16,728
2015		65,639		16,171
2016		61,395		15,643
2017		53,847		13,674
2018		41,791		11,290
Thereafter		197,614		25,304
	$	489,842	$	98,810