OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2016

OTHER INTANGIBLE ASSETS

Schedule of intangible assets and liabilities and related accumulated amortization and accretion

	Assets												Liabilities
March 31, 2016	Acquired Above-Market Leases			Acquired In-Place Leases			Tax Abatement			Acquired Below-Market Ground Lease			Acquired Below-Market Leases
	(in thousands)
Gross balance	$	966		$	21,398		$	4,273		$	11,685		$	(19,722	)
Accumulated amortization		(881	)		(17,323	)		(2,460	)		(1,457	)		14,267
	$	85		$	4,075		$	1,813		$	10,228		$	(5,455	)
Average useful life (in years)		7			8			8			84			8

	Assets															Liabilities
December 31, 2015	Acquired Above-Market Leases			Acquired In-Place Leases			Tax Abatement			Franchise Affiliation Fee(1)			Acquired Below-Market Ground Lease			Acquired Below-Market Leases
	(in thousands)
Gross balance	$	966		$	21,398		$	4,273		$	3,936		$	11,685		$	(19,722	)
Accumulated amortization		(843	)		(16,943	)		(2,322	)		(3,375	)		(1,422	)		13,636
	$	123		$	4,455		$	1,951		$	561		$	10,263		$	(6,086	)
Average useful life (in years)		7			8			8			10			84			8

(1)           Franchise affiliation fee is associated with the Courtyard Oakland, which was sold in February 2016 (see Note 3).

Schedule of future amortization and accretion of acquisition related intangible assets and liabilities

        A schedule of future amortization and accretion of acquisition related intangible assets and liabilities as of March 31, 2016 is as follows:

	Assets								Liabilities
Years Ending December 31,	Acquired Above-Market Leases		Acquired In-Place Leases		Tax Abatement		Acquired Below-Market Ground Lease		Acquired Below-Market Leases
	(in thousands)
2016 (Nine months ending December 31, 2016)	$	50		1,014	$	413	$	105	$	(1,879	)
2017		26		964		551		140		(2,405	)
2018		9		705		551		140		(971	)
2019		—		436		298		140		(200	)
2020		—		178		—		140		—
Thereafter		—		778		—		9,563		—
	$	85	$	4,075	$	1,813	$	10,228	$	(5,455	)