ACQUIRED LEASE INTANGIBLES

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired Lease Intangibles

Acquired Lease Intangibles

Upon acquisitions of real estate, the Company assesses the fair value of acquired assets (including land, buildings and improvements, and identified intangibles such as above and below market leases, including below market options, acquired in-place leases and customer relationships) and assumed liabilities in accordance with ASC Topic 805. The lease intangibles are amortized over the remaining terms of the respective leases, including option periods where applicable.

The scheduled amortization of acquired lease intangible assets and assumed liabilities as of December 31, 2014 is as follows:

(dollars in thousands)	Acquired lease intangibles
	Assets		Liabilities
2015	$	6,687	$	5,126
2016	6,330		4,932
2017	5,126		4,301
2018	4,676		3,705
2019	4,119		3,569
Thereafter	17,680		7,952
Total	$	44,618	$	29,585