Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets and Liabilities

As of March 31, 2016 and December 31, 2015, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

	March 31, 2016
	Total Cost		Accumulated Amortization			Intangible Assets, net
Intangible assets, net:
In-place lease value	$	149,980	$	(57,030	)	$	92,950
Tenant relationship value		18,900		(15,000	)		3,900
Above market leases acquired		5,160		(1,947	)		3,213
Total intangible assets, net	$	174,040	$	(73,977	)	$	100,063
Acquired lease intangibles, net:
Below market leases acquired	$	45,826	$	(22,578	)	$	23,248

	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

Summary of Amortization for Intangible Assets and Liabilities

As of March 31, 2016, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no prospective early lease terminations):

	Assets		Liabilities
2016 (nine months remaining)	$	26,791	$	5,092
2017		20,012		3,356
2018		11,853		2,201
2019		10,609		1,885
2020		8,513		1,337
Thereafter		22,285		9,377
Total	$	100,063	$	23,248