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Goodwill and Other Intangibles (Tables)
 3 Months Ended
Mar. 31, 2014
Goodwill And Intangible Assets Liabilities Disclosure [Abstract]  
Schedule Of Acquired Finite Lived Intangible Assets Liabilities By Major Class
In connection with our investment activity during the three months ended March 31, 2014, including primarily the properties we acquired through the CPA®:16 Merger, we recorded net lease intangibles comprised as follows (life in years, dollars in thousands):
 
Weighted-Average
Life
 
Amount
Amortizable Intangible Assets
 
 
 

In-place lease
12.2
 
$
564,198

Above-market rent
12.3
 
395,663

Below-market ground lease
62.7
 
14,397

 
 
 
$
974,258

 
 
 
 
Amortizable Intangible Liabilities
 
 
 

Below-market rent
18.4
 
$
(50,985
)
Above-market ground lease
31.5
 
(6,712
)
 
 
 
$
(57,697
)
Schedule Of Goodwill
The following table presents a reconciliation of our goodwill (in thousands):
 
Real Estate Ownership
 
Investment Management
 
Total
Balance at January 1, 2014
$
286,601

 
$
63,607

 
$
350,208

Acquisition of CPA®:16 – Global
348,972

 
—

 
348,972

Foreign deferred taxes adjustments
430

 
—

 
430

Allocation of goodwill to the cost basis of property classified as held-for-sale
(190
)
 
—

 
(190
)
Foreign currency translation adjustments
604

 
—

 
604

Balance at March 31, 2014
$
636,417

 
$
63,607

 
$
700,024
Schedule Of Intangible Assets And Goodwill
Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands):
 
March 31, 2014
 
December 31, 2013
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Amortizable Intangible Assets
 

 
 

 
 

 
 

 
 

 
 

Management contracts
$
32,765

 
$
(32,765
)
 
$
—

 
$
32,765

 
$
(32,395
)
 
$
370

Internal-use software development costs
5,605

 
—

 
5,605

 
3,255

 
—

 
3,255

 
38,370

 
(32,765
)
 
5,605

 
36,020

 
(32,395
)
 
3,625

Lease Intangibles:
 

 
 

 
 

 
 

 
 

 
 

In-place lease
1,108,344

 
(110,824
)
 
997,520

 
551,737

 
(84,610
)
 
467,127

Tenant relationship
6,246

 
(1,698
)
 
4,548

 
6,247

 
(1,656
)
 
4,591

Above-market rent
661,624

 
(66,194
)
 
595,430

 
292,132

 
(50,157
)
 
241,975

Below-market ground lease
19,075

 
(109
)
 
18,966

 
4,386

 
(22
)
 
4,364

 
1,795,289

 
(178,825
)
 
1,616,464

 
854,502

 
(136,445
)
 
718,057

Unamortizable Goodwill and 
    Indefinite-Lived Intangible Assets
 

 
 

 
 

 
 

 
 

 
 

Goodwill
700,024

 
—

 
700,024

 
350,208

 
—

 
350,208

Trade name
3,975

 
—

 
3,975

 
3,975

 
—

 
3,975

 
703,999

 
—

 
703,999

 
354,183

 
—

 
354,183

Total intangible assets
$
2,537,658

 
$
(211,590
)
 
$
2,326,068

 
$
1,244,705

 
$
(168,840
)
 
$
1,075,865

 
 
 
 
 
 
 
 
 
 
 
 
Amortizable Intangible Liabilities
 

 
 

 
 

 
 

 
 

 
 

Below-market rent
$
(167,707
)
 
$
14,656

 
$
(153,051
)
 
$
(116,939
)
 
$
11,832

 
$
(105,107
)
Above-market ground lease
(13,637
)
 
658

 
(12,979
)
 
(6,896
)
 
512

 
(6,384
)
 
(181,344
)
 
15,314

 
(166,030
)
 
(123,835
)
 
12,344

 
(111,491
)
Unamortizable Intangible Liabilities
 

 
 

 
 

 
 

 
 

 
 

Below-market purchase option
(16,711
)
 
—

 
(16,711
)
 
(16,711
)
 
—

 
(16,711
)
Total intangible liabilities
$
(198,055
)
 
$
15,314

 
$
(182,741
)
 
$
(140,546
)
 
$
12,344

 
$
(128,202
)
Schedule Of Finite Lived Intangible Assets Future Amortization Expense
Based on the intangible assets and liabilities recorded at March 31, 2014, scheduled annual net amortization of intangibles for the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter is as follows (in thousands):
Years Ending December 31,
 
Total
2014 (remainder)
 
$
143,353

2015
 
165,516

2016
 
160,250

2017
 
152,209

2018
 
143,667

Thereafter
 
691,044

Total
 
$
1,456,039