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Goodwill and Other Intangibles (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 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
12.3
 
$
596,298

Above-market rent
12.3
 
395,824

Below-market ground lease
62.7
 
14,397

 
 
 
$
1,006,519

 
 
 
 
Amortizable Intangible Liabilities
 
 
 
Below-market rent
17.9
 
$
(56,665
)
Above-market ground lease
31.5
 
(6,712
)
 
 
 
$
(63,377
)
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
348,876

 
—

 
348,876

Other adjustments accounted for as business combinations (a)
14,137

 
—

 
14,137

Allocation of goodwill to the cost basis of properties sold or classified as held-for-sale
(2,743
)
 
—

 
(2,743
)
Foreign currency translation adjustments and other
(7,687
)
 
—

 
(7,687
)
Balance at September 30, 2014
$
639,184

 
$
63,607

 
$
702,791

___________
(a)
Amount includes a deferred tax liability offset of $11.7 million recorded in connection with an acquisition of an investment in Norway (Note 5).
Schedule Of Intangible Assets And Goodwill
Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands):
 
September 30, 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
13,987

 
(12
)
 
13,975

 
3,255

 
—

 
3,255

 
46,752

 
(32,777
)
 
13,975

 
36,020

 
(32,395
)
 
3,625

Lease Intangibles:
 
 
 
 
 
 
 
 
 
 
 
In-place lease
1,101,405

 
(166,397
)
 
935,008

 
551,737

 
(84,610
)
 
467,127

Above-market rent
646,587

 
(101,125
)
 
545,462

 
292,132

 
(50,157
)
 
241,975

Below-market ground lease
18,346

 
(336
)
 
18,010

 
4,386

 
(22
)
 
4,364

Tenant relationship
6,230

 
(1,778
)
 
4,452

 
6,247

 
(1,656
)
 
4,591

 
1,772,568

 
(269,636
)
 
1,502,932

 
854,502

 
(136,445
)
 
718,057

Unamortizable Goodwill and Indefinite-Lived Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
Goodwill
702,791

 
—

 
702,791

 
350,208

 
—

 
350,208

Trade name
3,975

 
—

 
3,975

 
3,975

 
—

 
3,975

 
706,766

 
—

 
706,766

 
354,183

 
—

 
354,183

Total intangible assets
$
2,526,086

 
$
(302,413
)
 
$
2,223,673

 
$
1,244,705

 
$
(168,840
)
 
$
1,075,865

 
 
 
 
 
 
 
 
 
 
 
 
Amortizable Intangible Liabilities
 
 
 
 
 
 
 
 
 
 
 
Below-market rent
$
(169,785
)
 
$
20,860

 
$
(148,925
)
 
$
(116,939
)
 
$
11,832

 
$
(105,107
)
Above-market ground lease
(13,419
)
 
985

 
(12,434
)
 
(6,896
)
 
512

 
(6,384
)
 
(183,204
)
 
21,845

 
(161,359
)
 
(123,835
)
 
12,344

 
(111,491
)
Unamortizable Intangible Liabilities
 
 
 
 
 
 
 
 
 
 
 
Below-market purchase option
(16,711
)
 
—

 
(16,711
)
 
(16,711
)
 
—

 
(16,711
)
Total intangible liabilities
$
(199,915
)
 
$
21,845

 
$
(178,070
)
 
$
(140,546
)
 
$
12,344

 
$
(128,202
)
Schedule Of Finite Lived Intangible Assets Future Amortization Expense
Based on the intangible assets and liabilities recorded at September 30, 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,
 
Net Decrease in
Lease Revenues
 
Increase to Amortization/
Property Expenses
 
Net
2014 (remainder)
 
$
14,146

 
$
27,749

 
$
41,895

2015
 
55,529

 
110,442

 
165,971

2016
 
53,738

 
106,295

 
160,033

2017
 
50,318

 
102,432

 
152,750

2018
 
46,703

 
99,396

 
146,099

Thereafter
 
176,103

 
512,697

 
688,800

Total
 
$
396,537

 
$
959,011

 
$
1,355,548