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Lease Intangibles (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017, and 2016, and (in thousands):
 
 
December 31,
 
 
2017
 
2016
Acquired in-place leases
 
$
56,853

 
$
102,102

Acquired above market leases
 
21,021

 
44,752

Acquired real estate leases
 
77,874

 
146,854

Accumulated amortization, acquired in-place leases
 
(41,978
)
 
(71,320
)
Accumulated amortization, acquired above market leases
 
(12,049
)
 
(27,253
)
Acquired real estate leases, net
 
$
23,847

 
$
48,281

 
 
 
 
 
Acquired below market leases
 
$
6,093

 
$
10,434

Accumulated amortization
 
(5,092
)
 
(8,488
)
Assumed real estate lease obligations, net
 
$
1,001

 
$
1,946
Schedule of Amortization of Lease Intangibles
Amortization of the lease intangibles for the years ended December 31, 2017, 2016, and 2015, is as follows (in thousands):
 
 
 
 
December 31,
 
 
Income Statement Location
 
2017
 
2016
 
2015
Amortization of acquired in-place leases
 
Depreciation and amortization
 
$
7,220

 
$
14,598

 
$
26,787

Amortization of above and below market leases
 
Increase (decrease) to rental income
 
(1,774
)
 
(6,531
)
 
(7,515
)
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, 2017, are approximately (in thousands):
2018
 
$
7,285

2019
 
3,702

2020
 
2,449

2021
 
2,236

2022
 
1,959

Thereafter
 
5,215

 
 
$
22,846