OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion

A schedule of our intangible assets and liabilities and related accumulated amortization and accretion as of June 30, 2017 and December 31, 2016 is as follows:

	Assets								Liabilities
June 30, 2017	Acquired In-Place Leases			Acquired Below-Market Ground Lease			Trade Name and License		Acquired Below-Market Leases
	(in thousands)
Gross balance	$	10,181		$	11,685		$	2,957	$	(5,722	)
Accumulated amortization	(7,581		)	(1,632		)	—		4,584
	$	2,600		$	10,053		$	2,957	$	(1,138	)
Average useful life (in years)	10			84			Indefinite		7

	Assets														Liabilities
December 31, 2016	Acquired Above-Market Leases			Acquired In-Place Leases			Tax Abatement (1)			Acquired Below-Market Ground Lease			Trade Name and License		Acquired Below-Market Leases
	(in thousands)
Gross balance	$	215		$	11,551		$	4,273		$	11,685		$	2,957	$	(18,893	)
Accumulated amortization	(180		)	(8,443		)	(2,873		)	(1,562		)	—		15,317
	$	35		$	3,108		$	1,400		$	10,123		$	2,957	$	(3,576	)
Average useful life (in years)	8			10			8			84			Indefinite		8

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(1) Tax abatement is associated with 47 E 34th Street, which is classified as held for sale on our consolidated balance sheet at June 30, 2017 (Note 3).

Schedule of Future Amortization and Accretion of Acquisition Related Intangible Assets

A schedule of future amortization and accretion of acquisition related intangible assets and liabilities as of June 30, 2017, is as follows:

	Assets				Liabilities
Years Ending December 31,	Acquired In-Place Leases		Acquired Below-Market Ground Lease		Acquired Below-Market Leases
	(in thousands)
2017 (Six months ending December 31, 2017)	$	373	$	70	$	(428	)
2018	723		140		(510		)
2019	464		140		(200		)
2020	207		140		—
2021	207		140		—
Thereafter	626		9,423		—
	$	2,600	$	10,053	$	(1,138	)