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Intangible Assets and Below Market Lease Liabilities
9 Months Ended
Sep. 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:
 
 
September 30,
2013
 
December 31,
2012
Assets:
 
 
 
Deferred financing costs
$
19,506

 
$
21,759

Less accumulated amortization
(8,632
)
 
(7,862
)
 
10,874

 
13,897

Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
298,561

 
220,113

Less accumulated amortization
(81,609
)
 
(68,001
)
 
216,952

 
152,112

Deferred financing and leasing costs, net
$
227,826

 
$
166,009

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
55,323

 
$
37,019

Less accumulated amortization
(6,900
)
 
(3,383
)
 
$
48,423

 
$
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 September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Amortization of deferred financing costs
$
963

 
$
907

 
$
2,860

 
$
2,709

Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
10,751

 
$
6,667

 
$
26,962

 
$
19,930

Amortization of lease incentives (in rental and other revenues)
$
347

 
$
386

 
$
1,061

 
$
1,037

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
1,548

 
$
433

 
$
2,499

 
$
1,027

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
140

 
$
46

 
$
416

 
$
46

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,584
)
 
$
(647
)
 
$
(3,737
)
 
$
(1,744
)

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)
October 1 through December 31, 2013
 
$
865

 
$
10,222

 
$
320

 
$
1,240

 
$
138

 
$
(1,567
)
2014
 
3,233

 
38,795

 
1,199

 
4,401

 
553

 
(6,011
)
2015
 
2,599

 
32,028

 
971

 
3,627

 
553

 
(5,728
)
2016
 
1,500

 
26,229

 
794

 
2,815

 
553

 
(5,414
)
2017
 
1,213

 
22,312

 
729

 
2,265

 
553

 
(5,165
)
Thereafter
 
1,464

 
57,402

 
2,553

 
5,058

 
1,642

 
(24,538
)
 
 
$
10,874

 
$
186,988

 
$
6,566

 
$
19,406

 
$
3,992

 
$
(48,423
)
Weighted average remaining amortization periods as of September 30, 2013 (in years)
 
5.1

 
6.7

 
7.9

 
6.7

 
7.2

 
9.3



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
 
$
17,201

 
$
58,422

 
$
(19,124
)
Weighted average remaining amortization periods as of September 30, 2013 (in years)
 
6.5

 
6.5

 
8.9