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Lease Intangibles (Tables)
 12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
Summary of the Carrying Amounts for Acquired Real Estate Leases and Assumed Real Estate Lease Obligations
The following table summarizes the carrying amounts for our acquired real estate leases and assumed real estate lease obligations as of December 31, 2016, and 2015, and (in thousands):
 
 
December 31,
 
 
2016
 
2015
Acquired in-place leases
 
$
102,102

 
$
147,056

Acquired above market leases
 
44,752

 
78,210

Acquired real estate leases
 
146,854

 
225,266

Accumulated amortization, acquired in-place leases
 
(71,320
)
 
(91,301
)
Accumulated amortization, acquired above market leases
 
(27,253
)
 
(45,205
)
Acquired real estate leases, net
 
$
48,281

 
$
88,760

 
 
 
 
 
Acquired below market leases
 
10,434

 
19,742

Accumulated amortization
 
(8,488
)
 
(15,446
)
Assumed real estate lease obligations, net
 
$
1,946

 
$
4,296
Schedule of Amortization of Lease Intangibles
Amortization of the lease intangibles for the years ended December 31, 2016, 2015, and 2014, is as follows (in thousands):
 
 
 
 
December 31,
 
 
Income Statement Location
 
2016
 
2015
 
2014
Amortization of acquired in-place leases
 
Depreciation and amortization
 
$
14,598

 
$
26,787

 
$
40,493

Amortization of above and below market leases
 
Increase (decrease) to rental income
 
(6,531
)
 
(7,515
)
 
(10,650
)
Schedule of Future Amortization of Net Intangible Lease Assets and Liabilities
Future amortization of net intangible lease assets and liabilities to be recognized by us during the current terms of our leases as of December 31, 2016, are approximately (in thousands):
2017
 
$
9,670

2018
 
8,397

2019
 
6,178

2020
 
5,882

2021
 
5,252

Thereafter
 
10,956

 
 
$
46,335