Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Significant Accounting Policies

Schedule of estimated useful lives of real estate assets

Category	Years
Commercial buildings		39
Building improvements	15	-	39
Fixtures and equipment	3	-	7

Schedule of estimated annual amortization expense for succeeding five years for acquired in-place lease and above-market leases

(in thousands)	December 31,
2018	$	27,214
2019		18,644
2020		12,721
2021		9,022
2022		5,427
2023 and thereafter		13,492

Schedule of estimated annual amortization for unfavorable leases

(in thousands)	December 31,
2018	$	2,039
2019		1,319
2020		950
2021		620
2022		346
2023 and thereafter		532

Schedule of estimated annual amortization for deferred leasing commissions

(in thousands)	December 31,
2018	$	7,655
2019		7,027
2020		6,148
2021		5,379
2022		4,112
2023 and thereafter		10,358

Summary of rental revenue

	Year Ended
	December 31,
(in thousands)	2017		2016		2015
Income from leases	$	205,690	$	192,055	$	185,738
Reimbursable expenses		58,777		49,821		49,512
Straight-line rent adjustment		1,767		1,977		2,448
Amortization of favorable and unfavorable leases		1,031		496		158
	$	267,265	$	244,349	$	237,856