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Intangible Assets and Below Market Lease Liabilities (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Total 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:

 
December 31,
 
2016
 
2015
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
353,581

 
$
346,937

Less accumulated amortization
(140,081
)
 
(115,172
)
 
$
213,500

 
$
231,765

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
61,221

 
$
63,830

Less accumulated amortization
(23,074
)
 
(17,927
)
 
$
38,147

 
$
45,903
Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth amortization of intangible assets and below market lease liabilities:

 
Year Ended December 31,
 
2016
 
2015
 
2014
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
44,968

 
$
43,332

 
$
38,144

Amortization of lease incentives (in rental and other revenues)
$
1,779

 
$
1,493

 
$
1,419

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
3,851

 
$
5,062

 
$
4,549

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
557

 
$
557

 
$
557

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(8,183
)
 
$
(7,065
)
 
$
(6,129
)
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

Years Ending December 31,
 
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)
2017
 
$
42,508

 
$
1,478

 
$
2,626

 
$
553

 
$
(6,231
)
2018
 
34,925

 
1,374

 
1,713

 
553

 
(5,966
)
2019
 
29,332

 
1,160

 
1,322

 
553

 
(5,495
)
2020
 
24,727

 
882

 
1,002

 
525

 
(5,183
)
2021
 
20,510

 
678

 
681

 
—

 
(4,411
)
Thereafter
 
42,030

 
2,396

 
1,972

 
—

 
(10,861
)
 
 
$
194,032

 
$
7,968

 
$
9,316

 
$
2,184

 
$
(38,147
)
Weighted average remaining amortization periods as of December 31, 2016 (in years)
 
6.6

 
7.8

 
6.4

 
4.0

 
7.3
Total Intangible Assets and Below Market Lease Liabilities from Acquisition Activity
The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2016 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 at acquisition
 
$
122

 
$
5,008

 
$
(428
)
Weighted average remaining amortization periods as of December 31, 2016 (in years)
 
9.5

 
9.9

 
10.9