Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

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

	December 31, 2015
	Total Cost			Accumulated Amortization			Intangible Assets, net
Intangible assets, net:
In-place lease value	$	161,276		$	(57,063	)	$	104,213
Tenant relationship value		20,117			(15,580	)		4,537
Above market leases acquired		5,333			(1,879	)		3,454
		186,726			(74,522	)		112,204
Assets held for sale		(2,854	)		2,273			(581	)
Total intangible assets, net	$	183,872		$	(72,249	)	$	111,623
Acquired lease intangibles, net:
Below market leases acquired	$	50,025		$	(24,178	)	$	25,847
Assets held for sale		(1,069	)		877			(192	)
Total acquired lease intangibles, net	$	48,956		$	(23,301	)	$	25,655

	December 31, 2014
	Total Cost		Accumulated Amortization			Intangible Assets, 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 December 31, 2015, the Company’s annual amortization for its intangible assets/liabilities, assuming no early lease terminations, are as follows (in thousands):

	Assets			Liabilities
2016	$	36,635		$	7,595
2017		19,814			3,461
2018		12,587			2,217
2019		11,288			1,885
2020		9,149			1,337
Thereafter		22,731			9,352
		112,204			25,847
Assets held for sale		(581	)		(192	)
Total	$	111,623		$	25,655