Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets and Liabilities

As of September 30, 2015 and December 31, 2014, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

	September 30, 2015
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	170,925	$	(52,638	)	$	118,287
Tenant relationship value	23,772		(18,608		)	5,164
Above market leases acquired	5,444		(1,807		)	3,637
Total intangible assets, net	$	200,141	$	(73,053	)	$	127,088
Acquired lease intangibles, net:
Below market leases acquired	$	53,531	$	(24,990	)	$	28,541

	December 31, 2014
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	129,411	$	(42,068	)	$	87,343
Tenant relationship value	34,172		(26,344		)	7,828
Above market leases acquired	5,641		(1,409		)	4,232
Total intangible assets, net	$	169,224	$	(69,821	)	$	99,403
Acquired lease intangibles, net:
Below market leases acquired	$	53,049	$	(27,039	)	$	26,010

Summary of Amortization for Intangible Assets and Liabilities

As of September 30, 2015, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no prospective early lease terminations):

	Assets		Liabilities
2015 (three months remaining)	$	12,262	$	2,669
2016	36,901		7,595
2017	20,080		3,461
2018	12,852		2,217
2019	11,553		1,885
Thereafter	33,440		10,714
Total	$	127,088	$	28,541