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Intangible Assets and Below Market Lease Liabilities
 9 Months Ended
Sep. 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:
 
 
September 30,
2014
 
December 31,
2013
Assets:
 
 
 
Deferred financing costs
$
19,512

 
$
17,363

Less accumulated amortization
(7,193
)
 
(5,204
)
 
12,319

 
12,159

Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
308,091

 
297,068

Less accumulated amortization
(101,685
)
 
(87,016
)
 
206,406

 
210,052

Deferred financing and leasing costs, net
$
218,725

 
$
222,211

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
55,639

 
$
55,323

Less accumulated amortization
(11,994
)
 
(8,478
)
 
$
43,645

 
$
46,845


The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
Amortization of deferred financing costs
$
819

 
$
963

 
$
2,270

 
$
2,860

Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
9,465

 
$
10,639

 
$
29,443

 
$
26,603

Amortization of lease incentives (in rental and other revenues)
$
327

 
$
347

 
$
1,077

 
$
1,061

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
1,080

 
$
1,548

 
$
3,310

 
$
2,499

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

 
$
140

 
$
416

 
$
416

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,532
)
 
$
(1,584
)
 
$
(4,554
)
 
$
(3,737
)


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)
October 1 through December 31, 2014
 
$
776

 
$
10,411

 
$
339

 
$
1,034

 
$
136

 
$
(1,560
)
2015
 
3,074

 
36,795

 
1,148

 
3,612

 
553

 
(5,978
)
2016
 
2,811

 
30,965

 
986

 
2,819

 
553

 
(5,696
)
2017
 
2,518

 
26,845

 
908

 
2,276

 
553

 
(5,424
)
2018
 
1,394

 
22,423

 
805

 
1,434

 
553

 
(5,285
)
Thereafter
 
1,746

 
53,619

 
2,782

 
3,771

 
1,086

 
(19,702
)
 
 
$
12,319

 
$
181,058

 
$
6,968

 
$
14,946

 
$
3,434

 
$
(43,645
)
Weighted average remaining amortization periods as of September 30, 2014 (in years)
 
4.6

 
6.8

 
8.2

 
6.5

 
6.2

 
8.4



The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2014 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
 
$
27

 
$
6,293

 
$
(1,353
)
Weighted average remaining amortization periods as of September 30, 2014 (in years)
 
3.5

 
5.5

 
4.9