Intangible Assets

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

INTANGIBLE ASSETS AND LIABILITIES

As of March 31, 2014 and December 31, 2013, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

	March 31, 2014
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	147,606	$	(38,327	)	$	109,279
Tenant relationship value	37,671		(26,858		)	10,813
Above market leases acquired	6,661		(1,591		)	5,070
Total intangible assets, net	$	191,938	$	(66,776	)	$	125,162
Acquired lease intangibles, net:
Below market leases acquired	$	81,847	$	(49,618	)	$	32,229

	December 31, 2013
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	150,782	$	(35,607	)	$	115,175
Tenant relationship value	38,692		(26,868		)	11,824
Above market leases acquired	6,673		(1,343		)	5,330
Total intangible assets, net	$	196,147	$	(63,818	)	$	132,329
Acquired lease intangibles, net:
Below market leases acquired	$	81,991	$	(47,547	)	$	34,444

As of March 31, 2014, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no early lease terminations):

	Assets		Liabilities
2014 (nine months remaining)	$	19,879	$	5,401
2015	23,314		5,455
2016	18,573		3,486
2017	16,573		2,890
2018	12,161		2,353
Thereafter	34,662		12,644
Total	$	125,162	$	32,229