XML 46 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets [Table Text Block]
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

Annual Amortization For Its Intangible Assets Liabilities [Table Text Block]
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