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Intangible Assets and Below Market Lease Liabilities
6 Months Ended
Jun. 30, 2015
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,
2015
 
December 31,
2014
Assets:
 
 
 
Deferred financing costs
$
19,508

 
$
19,478

Less accumulated amortization
(8,093
)
 
(7,953
)
 
11,415

 
11,525

Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
323,268

 
322,094

Less accumulated amortization
(111,303
)
 
(104,851
)
 
211,965

 
217,243

Deferred financing and leasing costs, net
$
223,380

 
$
228,768

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
55,166

 
$
55,783

Less accumulated amortization
(16,300
)
 
(13,548
)
 
$
38,866

 
$
42,235


The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
Amortization of deferred financing costs
$
828

 
$
799

 
$
1,628

 
$
1,451

Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
10,169

 
$
10,050

 
$
20,462

 
$
19,978

Amortization of lease incentives (in rental and other revenues)
$
422

 
$
399

 
$
784

 
$
750

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
1,189

 
$
1,114

 
$
2,355

 
$
2,230

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)
$
(1,674
)
 
$
(1,500
)
 
$
(3,406
)
 
$
(3,022
)


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, 2015
 
$
1,643

 
$
20,519

 
$
706

 
$
2,213

 
$
273

 
$
(3,098
)
2016
 
3,035

 
35,511

 
1,238

 
3,294

 
553

 
(5,555
)
2017
 
2,720

 
30,630

 
1,121

 
2,294

 
553

 
(5,284
)
2018
 
1,538

 
26,145

 
1,015

 
1,474

 
553

 
(5,123
)
2019
 
1,130

 
21,716

 
822

 
1,054

 
553

 
(4,810
)
Thereafter
 
1,349

 
53,743

 
2,582

 
2,870

 
533

 
(14,996
)
 
 
$
11,415

 
$
188,264

 
$
7,484

 
$
13,199

 
$
3,018

 
$
(38,866
)
Weighted average remaining amortization periods as of June 30, 2015 (in years)
 
4.3

 
7.0

 
7.9

 
6.1

 
5.5

 
7.8



The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2015 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
 
$
498

 
$
1,671

 
$
(37
)
Weighted average remaining amortization periods as of June 30, 2015 (in years)
 
2.1

 
2.3

 
4.8