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Intangible Assets and Below Market Lease Liabilities
 9 Months Ended
Sep. 30, 2016
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,
2016
 
December 31,
2015
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
355,268

 
$
346,937

Less accumulated amortization
(136,292
)
 
(115,172
)
 
$
218,976

 
$
231,765

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
63,712

 
$
63,830

Less accumulated amortization
(23,675
)
 
(17,927
)
 
$
40,037

 
$
45,903


The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
10,111

 
$
10,858

 
$
33,177

 
$
30,747

Amortization of lease incentives (in rental and other revenues)
$
273

 
$
368

 
$
1,374

 
$
1,131

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
901

 
$
1,414

 
$
2,904

 
$
3,769

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

 
$
140

 
$
417

 
$
416

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,734
)
 
$
(1,727
)
 
$
(6,294
)
 
$
(5,133
)

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 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, 2016
 
$
11,797

 
$
358

 
$
917

 
$
137

 
$
(1,737
)
2017
 
41,426

 
1,399

 
2,657

 
553

 
(6,231
)
2018
 
34,194

 
1,294

 
1,713

 
553

 
(6,022
)
2019
 
28,606

 
1,080

 
1,322

 
553

 
(5,549
)
2020
 
23,983

 
805

 
1,002

 
525

 
(5,223
)
Thereafter
 
58,905

 
2,544

 
2,653

 
—

 
(15,275
)
 
 
$
198,911

 
$
7,480

 
$
10,264

 
$
2,321

 
$
(40,037
)
Weighted average remaining amortization periods as of September 30, 2016 (in years)
 
6.7

 
7.4

 
6.2

 
4.2

 
7.5



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 September 30, 2016 (in years)
 
9.8

 
10.2

 
11.2