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Intangible Assets and Below Market Lease Liabilities
6 Months Ended
Jun. 30, 2014
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,
2014
 
December 31,
2013
Assets:
 
 
 
Deferred financing costs
$
19,567

 
$
17,363

Less accumulated amortization
(6,434
)
 
(5,204
)
 
13,133

 
12,159

Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
300,885

 
297,068

Less accumulated amortization
(95,996
)
 
(87,016
)
 
204,889

 
210,052

Deferred financing and leasing costs, net
$
218,022

 
$
222,211

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
54,903

 
$
55,323

Less accumulated amortization
(11,080
)
 
(8,478
)
 
$
43,823

 
$
46,845


The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2014
 
2013
 
2014
 
2013
Amortization of deferred financing costs
$
799

 
$
948

 
$
1,451

 
$
1,897

Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
10,050

 
$
7,888

 
$
19,978

 
$
15,963

Amortization of lease incentives (in rental and other revenues)
$
399

 
$
340

 
$
750

 
$
716

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
1,114

 
$
484

 
$
2,230

 
$
950

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

 
$
139

 
$
276

 
$
276

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,500
)
 
$
(1,031
)
 
$
(3,022
)
 
$
(2,153
)


5.    Intangible Assets and Below Market Lease Liabilities - Continued
 
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, 2014
 
$
1,558

 
$
18,266

 
$
689

 
$
2,107

 
$
277

 
$
(2,979
)
2015
 
3,087

 
34,839

 
1,135

 
3,619

 
553

 
(5,718
)
2016
 
2,823

 
29,299

 
934

 
2,810

 
553

 
(5,427
)
2017
 
2,529

 
25,379

 
843

 
2,269

 
553

 
(5,164
)
2018
 
1,404

 
21,095

 
748

 
1,426

 
553

 
(5,016
)
Thereafter
 
1,732

 
49,508

 
2,580

 
3,768

 
1,086

 
(19,519
)
 
 
$
13,133

 
$
178,386

 
$
6,929

 
$
15,999

 
$
3,575

 
$
(43,823
)
Weighted average remaining amortization periods as of June 30, 2014 (in years)
 
4.8

 
6.5

 
8.2

 
6.6

 
6.5

 
8.7