Intangible Assets

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

INTANGIBLE ASSETS AND LIABILITIES

As of June 30, 2014 and December 31, 2013, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

	June 30, 2014
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	136,388	$	(38,767	)	$	97,621
Tenant relationship value	37,019		(27,159		)	9,860
Above market leases acquired	6,120		(1,461		)	4,659
Total intangible assets, net	$	179,527	$	(67,387	)	$	112,140
Acquired lease intangibles, net:
Below market leases acquired	$	64,679	$	(35,563	)	$	29,116

	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 June 30, 2014, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no prospective early lease terminations):

	Assets		Liabilities
2014 (six months remaining)	$	12,075	$	3,093
2015	21,581		5,223
2016	17,102		3,254
2017	15,279		2,664
2018	11,458		2,241
Thereafter	34,645		12,641
Total	$	112,140	$	29,116