Acquired Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2016

Acquired Intangible Assets And Liabilities [Abstract]

Summary of Acquired Intangible Assets

The following summarizes our acquired intangible assets (real estate intangibles, comprised of acquired in-place lease value, tenant relationship value and trade name along with acquired above-market lease value) and intangible liabilities (acquired below-market lease value) as of September 30, 2016 and December 31, 2015.

	Balance as of
(Amounts in thousands)	September 30, 2016			December 31, 2015
Real Estate Intangibles:
Acquired in-place lease value:
Gross amount	$	904,027		$	901,381
Accumulated amortization	(506,390		)	(472,933		)
Net	$	397,637		$	428,448
Tenant relationship value:
Gross amount	$	943,341		$	734,800
Accumulated amortization	(64,296		)	(14,495		)
Net	$	879,045		$	720,305
Trade name:
Gross amount	$	7,300		$	7,300
Accumulated amortization	(7,300		)	(417		)
Net	$	—		$	6,883
Acquired above-market leases:
Gross amount	$	111,965		$	122,311
Accumulated amortization	(87,411		)	(89,613		)
Net	$	24,554		$	32,698
Acquired below-market leases:
Gross amount	$	286,649		$	294,791
Accumulated amortization	(199,761		)	(193,677		)
Net	$	86,888		$	101,114

Schedule of Estimated Annual Amortization of Below Market Leases

Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years and thereafter, commencing October 1, 2016 is as follows:

(Amounts in thousands)
Remainder of 2016	$	2,164
2017	7,060
2018	5,499
2019	5,659
2020	7,473
Thereafter	34,479
Total	$	62,334

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

Estimated annual amortization of acquired in-place lease value for each of the five succeeding years and thereafter, commencing October 1, 2016 is as follows:

(Amounts in thousands)
Remainder of 2016	$	15,000
2017	57,199
2018	50,611
2019	43,225
2020	39,199
Thereafter	192,403
Total	$	397,637

Estimated annual amortization of customer contracts for each of the five succeeding years and thereafter, commencing October 1, 2016 is as follows:

(Amounts in thousands)
Remainder of 2016	$	19,122
2017	74,412
2018	74,412
2019	74,412
2020	74,412
Thereafter	562,275
Total	$	879,045