Intangible Assets Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2017

Finite-Lived Intangible Assets, Net [Abstract]

Schedule of Finite-Lived Intangible Assets

The gross carrying amounts, and accumulated amortization are as follows (in thousands):

		September 30, 2017					December 31, 2016
Intangible Asset	Useful Life	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Ground leases	8-57 years	$	33,270	$	(1,371	)	$	33,270	$	(600	)
In-place leases	7 years	99,954		(42,090		)	98,235		(31,796		)
Franchise fees and other intangible assets	15 years	1,880		(1,432		)	1,880		(1,155		)
Total		$	135,104	$	(44,893	)	$	133,385	$	(33,551	)

Schedule of Intangible Assets Amortization Expense

Total amortization expenses related to the intangible assets are as follows (in thousands):

	Three Months Ended   September 30,				Nine Months Ended   September 30,
Intangible Asset	2017		2016		2017		2016
Ground leases	$	257	$	368	$	771	$	368
In-place leases	3,478		3,824		10,322		8,142
Franchise fees and other intangible assets	19		129		277		387
Total	$	3,754	$	4,321	$	11,370	$	8,897

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

We anticipate amortization expense for our intangible assets to be as follows for the next five years (in thousands):

	Year
	Remainder of 2017		2018		2019		2020		2021
Estimated expense	$	3,819	$	14,514	$	13,598	$	11,870	$	11,478