Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Depreciation expense is computed using the straight-line method based on the following useful lives:



	Years
Buildings and Improvements	7 to 50
Land Improvements	5 to 20
Furniture, Fixtures and Equipment	3 to 10
Tenant Improvements	Lease Term

Summary of Deferred Leasing Intangibles

Deferred leasing intangibles, net of accumulated amortization, included in our total assets and total liabilities consist of the following:



	December 31, 2016		December 31, 2015
In-Place Leases	$	17,529	$	19,438
Above Market Leases	2,373		2,520
Below Market Ground Lease Obligation	1,733		1,778
Tenant Relationships	7,864		9,590
Total Included in Total Assets, Net of $27,336 and $26,432 of Accumulated Amortization	$	29,499	$	33,326
Below Market Leases	$	10,400	$	11,841
Total Included in Total Liabilities, Net of $10,193 and $8,911 of Accumulated Amortization	$	10,400	$	11,841

Future Amortization Expense Related to Deferred Leasing Intangibles

We will recognize net amortization expense related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2016 as follows:



	Estimated Amortization of In-Place Leases and Tenant Relationships		Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2017	$	5,860	$	961
2018	$	4,119	$	817
2019	$	3,251	$	828
2020	$	2,700	$	754
2021	$	2,069	$	740