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Intangible Assets and Below Market Lease Liabilities
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Below Market Lease Liabilities
Intangible Assets and Below Market Lease Liabilities
 
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:
 
 
June 30,
2013
 
December 31,
2012
Assets:
 
 
 
Deferred financing costs
$
21,368

 
$
21,759

Less accumulated amortization
(9,528
)
 
(7,862
)
 
11,840

 
13,897

Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
245,982

 
223,100

Less accumulated amortization
(76,020
)
 
(68,978
)
 
169,962

 
154,122

Deferred financing and leasing costs, net
$
181,802

 
$
168,019

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
45,415

 
$
37,019

Less accumulated amortization
(5,350
)
 
(3,383
)
 
$
40,065

 
$
33,636


5.    Intangible Assets and Below Market Lease Liabilities - Continued

The following table sets forth amortization of intangible assets and acquisition-related below market lease liabilities:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Amortization of deferred financing costs
$
948

 
$
900

 
$
1,897

 
$
1,802

Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
8,123

 
$
7,180

 
$
16,431

 
$
13,505

Amortization of lease incentives (in rental and other revenues)
$
344

 
$
330

 
$
725

 
$
664

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
484

 
$
324

 
$
951

 
$
594

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
139

 
$

 
$
276

 
$

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,031
)
 
$
(553
)
 
$
(2,153
)
 
$
(1,097
)

The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

 
 
Amortization of Deferred Financing Costs
 
Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)
 
Amortization of Lease Incentives (in Rental and Other Revenues)
 
Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues)
 
Amortization of Acquisition-Related Intangible Assets (in Rental Property and Other Expenses)
 
Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
July 1 through December 31, 2013
 
$
1,828

 
$
17,283

 
$
621

 
$
1,032

 
$
277

 
$
(2,856
)
2014
 
3,241

 
30,455

 
1,160

 
1,817

 
553

 
(5,080
)
2015
 
2,606

 
24,935

 
932

 
1,438

 
553

 
(4,367
)
2016
 
1,508

 
20,563

 
738

 
1,085

 
553

 
(4,293
)
2017
 
1,220

 
17,526

 
664

 
951

 
553

 
(4,037
)
Thereafter
 
1,437

 
41,368

 
2,107

 
1,156

 
1,642

 
(19,432
)
 
 
$
11,840

 
$
152,130

 
$
6,222

 
$
7,479

 
$
4,131

 
$
(40,065
)
Weighted average remaining amortization periods as of June 30, 2013 (in years)
 
5.4

 
6.4

 
7.6

 
5.1

 
8.0

 
9.2



The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2013 acquisition activity:

 
 
Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues)
 
Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
 
Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded from acquisition activity
 
$
3,383

 
$
19,180

 
$
(8,582
)
Weighted average remaining amortization periods (in years)
 
4.2

 
5.3

 
7.5