ACQUIRED LEASE INTANGIBLES

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired Lease Intangibles

Acquired Lease Intangibles

Upon acquisitions of real estate accounted for as business combinations, 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, 2015 is as follows:

(dollars in thousands)	Acquired lease intangibles
	Assets		Liabilities
2016	$	9,032	$	6,233
2017	7,245		5,429
2018	6,518		4,481
2019	5,923		3,786
2020	4,849		2,772
Thereafter	19,026		9,108
Total	$	52,593	$	31,809