Intangible Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets and Liabilities

As of June 30, 2018 and December 31, 2017, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

	June 30, 2018
	Total Cost		Accumulated Amortization			Intangible Assets, net
Intangible assets, net:
In-place lease value	$	104,705	$	(48,495	)	$	56,210
Tenant relationship value		10,580		(9,225	)		1,355
Above market leases acquired		4,711		(2,858	)		1,853
Total intangible assets, net	$	119,996	$	(60,578	)	$	59,418
Acquired lease intangibles, net:
Below market leases acquired	$	35,366	$	(16,793	)	$	18,573

	December 31, 2017
	Total Cost		Accumulated Amortization			Intangible Assets, net
Intangible assets, net:
In-place lease value	$	108,060	$	(47,003	)	$	61,057
Tenant relationship value		11,201		(9,275	)		1,926
Above market leases acquired		4,545		(2,556	)		1,989
Total intangible assets, net	$	123,806	$	(58,834	)	$	64,972
Acquired lease intangibles, net:
Below market leases acquired	$	36,213	$	(15,939	)	$	20,274

Summary of Amortization for Intangible Assets and Liabilities

As of June 30, 2018, the Company’s annual amortization for its intangible assets/liabilities, assuming no prospective early lease terminations, are as follows (dollars in thousands):

	Assets		Liabilities
2018 (six months remaining)	$	7,539	$	1,736
2019		13,021		2,833
2020		10,353		2,069
2021		7,538		1,432
2022		5,355		1,264
Thereafter		15,612		9,239
Total	$	59,418	$	18,573