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Intangible Assets and Below Market Lease Liabilities
6 Months Ended
Jun. 30, 2018
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,
2018
 
December 31,
2017
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
339,623

 
$
344,191

Less accumulated amortization
(144,555
)
 
(143,512
)
 
$
195,068

 
$
200,679

Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
58,847

 
$
59,947

Less accumulated amortization
(30,133
)
 
(28,214
)
 
$
28,714

 
$
31,733

 
The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
9,207

 
$
10,133

 
$
18,702

 
$
20,752

Amortization of lease incentives (in rental and other revenues)
$
476

 
$
443

 
$
905

 
$
840

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
429

 
$
675

 
$
877

 
$
1,711

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)
$
(1,495
)
 
$
(1,592
)
 
$
(3,018
)
 
$
(3,172
)

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)
July 1 through December 31, 2018
 
$
18,504

 
$
866

 
$
784

 
$
277

 
$
(2,918
)
2019
 
32,788

 
1,578

 
1,273

 
553

 
(5,446
)
2020
 
28,231

 
1,311

 
959

 
518

 
(5,186
)
2021
 
23,756

 
1,086

 
632

 

 
(4,377
)
2022
 
19,520

 
872

 
462

 

 
(3,264
)
Thereafter
 
54,783

 
4,907

 
1,408

 

 
(7,523
)
 
 
$
177,582

 
$
10,620

 
$
5,518

 
$
1,348

 
$
(28,714
)
Weighted average remaining amortization periods as of June 30, 2018 (in years)
 
7.5

 
10.0

 
6.5

 
2.5

 
6.2