XML 34 R44.htm IDEA: XBRL DOCUMENT v3.2.0.727
OTHER INTANGIBLE ASSETS (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Intangible assets and liabilities          
Amortization expenses $ 17,566,000 $ 17,286,000 $ 36,694,000 $ 33,915,000  
Intangible liabilities          
Net (7,347,000)   (7,347,000)   $ (8,657,000)
Future accretion of acquisition related intangible liabilities          
Net (7,347,000)   (7,347,000)   (8,657,000)
Acquired Below-Market Leases          
Intangible assets and liabilities          
Amortization expenses 655,000 697,000 1,310,000 1,345,000  
Intangible liabilities          
Gross balance (19,750,000)   (19,750,000)   (20,333,000)
Accumulated amortization 12,403,000   12,403,000   11,676,000
Net (7,347,000)   $ (7,347,000)   $ (8,657,000)
Average useful life     8 years   8 years
Future accretion of acquisition related intangible liabilities          
2015 (Six months ending December 31, 2015) (1,259,000)   $ (1,259,000)    
2016 (2,502,000)   (2,502,000)    
2017 (2,399,000)   (2,399,000)    
2018 (963,000)   (963,000)    
2019 (224,000)   (224,000)    
Net (7,347,000)   (7,347,000)   $ (8,657,000)
Acquired Above-Market Leases          
Intangible assets and liabilities          
Amortization expenses 79,000 98,000 158,000 435,000  
Intangible assets          
Gross balance 1,072,000   1,072,000   2,402,000
Accumulated amortization (867,000)   (867,000)   (2,039,000)
Net 205,000   $ 205,000   $ 363,000
Average useful life     6 years   7 years
Future amortization of acquisition related intangible assets          
2015 (Six months ending December 31, 2015) 83,000   $ 83,000    
2016 88,000   88,000    
2017 26,000   26,000    
2018 8,000   8,000    
Net 205,000   205,000   $ 363,000
Acquired In-Place Leases          
Intangible assets and liabilities          
Amortization expenses 519,000 587,000 1,048,000 1,199,000  
Intangible assets          
Gross balance 21,431,000   21,431,000   22,680,000
Accumulated amortization (16,269,000)   (16,269,000)   (16,470,000)
Net 5,162,000   $ 5,162,000   $ 6,210,000
Average useful life     8 years   8 years
Future amortization of acquisition related intangible assets          
2015 (Six months ending December 31, 2015) 793,000   $ 793,000    
2016 1,346,000   1,346,000    
2017 915,000   915,000    
2018 666,000   666,000    
2019 488,000   488,000    
Thereafter 954,000   954,000    
Net 5,162,000   5,162,000   $ 6,210,000
Tax Abatement          
Intangible assets and liabilities          
Amortization expenses 138,000 138,000 276,000 276,000  
Intangible assets          
Gross balance 4,273,000   4,273,000   4,273,000
Accumulated amortization (2,047,000)   (2,047,000)   (1,771,000)
Net 2,226,000   $ 2,226,000   $ 2,502,000
Average useful life     8 years   8 years
Future amortization of acquisition related intangible assets          
2015 (Six months ending December 31, 2015) 275,000   $ 275,000    
2016 551,000   551,000    
2017 551,000   551,000    
2018 551,000   551,000    
2019 298,000   298,000    
Net 2,226,000   2,226,000   $ 2,502,000
Advance Bookings          
Intangible assets and liabilities          
Amortization expenses 0 67,000 0 134,000  
Franchise Affiliation Fee          
Intangible assets and liabilities          
Amortization expenses 99,000 99,000 198,000 198,000  
Intangible assets          
Gross balance 3,936,000   3,936,000   3,936,000
Accumulated amortization (3,179,000)   (3,179,000)   (2,981,000)
Net 757,000   $ 757,000   $ 955,000
Average useful life     10 years   10 years
Future amortization of acquisition related intangible assets          
2015 (Six months ending December 31, 2015) 196,000   $ 196,000    
2016 394,000   394,000    
2017 167,000   167,000    
Net 757,000   757,000   $ 955,000
Acquired Below-Market Ground Lease          
Intangible assets and liabilities          
Amortization expenses 35,000 $ 35,000 70,000 $ 70,000  
Intangible assets          
Gross balance 11,685,000   11,685,000   11,685,000
Accumulated amortization (1,352,000)   (1,352,000)   (1,282,000)
Net 10,333,000   $ 10,333,000   $ 10,403,000
Average useful life     84 years   84 years
Future amortization of acquisition related intangible assets          
2015 (Six months ending December 31, 2015) 70,000   $ 70,000    
2016 140,000   140,000    
2017 140,000   140,000    
2018 140,000   140,000    
2019 140,000   140,000    
Thereafter 9,703,000   9,703,000    
Net $ 10,333,000   $ 10,333,000   $ 10,403,000