XML 63 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
OTHER INTANGIBLE ASSETS (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Intangible assets          
Net $ 18,071   $ 18,071   $ 20,310
Intangible liabilities          
Net (4,194)   (4,194)   (6,086)
Future amortization of acquisition related intangible assets          
Net 18,071   18,071   20,310
Future accretion of acquisition related intangible liabilities          
Net (4,194)   (4,194)   (6,086)
Acquired Below-Market Leases          
Intangible liabilities          
Gross balance (19,637)   (19,637)   (19,722)
Accumulated amortization 15,443   15,443   13,636
Net (4,194)   $ (4,194)   $ (6,086)
Average useful life     8 years   8 years
Amortization          
Amortization expenses, above and below market leases 630 $ 630 $ 1,892 $ 1,940  
Future accretion of acquisition related intangible liabilities          
2016 (Three months ending December 31, 2016) (618)   (618)    
2017 (2,405)   (2,405)    
2018 (971)   (971)    
2019 (200)   (200)    
Net (4,194)   (4,194)   $ (6,086)
Acquired Above-Market Leases          
Intangible assets          
Gross balance 215   215   966
Accumulated amortization (173)   (173)   (843)
Net 42   $ 42   $ 123
Average useful life     8 years   7 years
Amortization          
Amortization expenses, above and below market leases 17 41 $ 81 199  
Future amortization of acquisition related intangible assets          
2016 (Three months ending December 31, 2016) 7   7    
2017 26   26    
2018 9   9    
Net 42   42   $ 123
Acquired in-place Leases          
Intangible assets          
Gross balance 20,372   20,372   21,398
Accumulated amortization (16,995)   (16,995)   (16,943)
Net 3,377   $ 3,377   $ 4,455
Average useful life     8 years   8 years
Amortization          
Amortization expenses 330 413 $ 1,078 1,461  
Future amortization of acquisition related intangible assets          
2016 (Three months ending December 31, 2016) 269   269    
2017 871   871    
2018 733   733    
2019 464   464    
2020 207   207    
Thereafter 833   833    
Net 3,377   3,377   $ 4,455
Tax Abatement          
Intangible assets          
Gross balance 4,273   4,273   4,273
Accumulated amortization (2,736)   (2,736)   (2,322)
Net 1,537   $ 1,537   $ 1,951
Average useful life     8 years   8 years
Amortization          
Amortization expenses 138 138 $ 414 414  
Future amortization of acquisition related intangible assets          
2016 (Three months ending December 31, 2016) 137   137    
2017 551   551    
2018 551   551    
2019 298   298    
Net 1,537   1,537   $ 1,951
Franchise Affiliation Fee          
Intangible assets          
Gross balance         3,936
Accumulated amortization         (3,375)
Net         $ 561
Average useful life         10 years
Amortization          
Amortization expenses 0 98 33 296  
Future amortization of acquisition related intangible assets          
Net         $ 561
Acquired Below-Market Ground Lease          
Intangible assets          
Gross balance 11,685   11,685   11,685
Accumulated amortization (1,527)   (1,527)   (1,422)
Net 10,158   $ 10,158   $ 10,263
Average useful life     84 years   84 years
Amortization          
Amortization expenses 35 $ 35 $ 105 $ 105  
Future amortization of acquisition related intangible assets          
2016 (Three months ending December 31, 2016) 35   35    
2017 140   140    
2018 140   140    
2019 140   140    
2020 140   140    
Thereafter 9,563   9,563    
Net 10,158   10,158   $ 10,263
Trade Name And License          
Intangible assets          
Gross balance 2,957   2,957   2,957
Accumulated amortization 0   0   0
Net 2,957   2,957   2,957
Future amortization of acquisition related intangible assets          
Net $ 2,957   $ 2,957   $ 2,957