Acquired Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

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 and tenant relationship value along with acquired above-market lease value) and intangible liabilities (acquired below-market lease value) as of March 31, 2017 and December 31, 2016.

	Balance as of
(Amounts in thousands)	March 31, 2017			December 31, 2016
Real Estate Intangibles:
Acquired in-place lease value:
Gross amount	$	898,904		$	896,693
Accumulated amortization	(532,545		)	(517,443		)
Net	$	366,359		$	379,250
Tenant relationship value:
Gross amount	$	975,188		$	971,519
Accumulated amortization	(99,926		)	(82,069		)
Net	$	875,262		$	889,450
Acquired above-market leases:
Gross amount	$	110,748		$	110,142
Accumulated amortization	(89,922		)	(87,961		)
Net	$	20,826		$	22,181
Acquired below-market leases:
Gross amount	$	284,695		$	283,899
Accumulated amortization	(206,054		)	(202,000		)
Net	$	78,641		$	81,899

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 April 1, 2017 is as follows:

(Amounts in thousands)
Remainder of 2017	$	5,179
2018	5,538
2019	5,680
2020	7,434
2021	7,423
Thereafter	26,561
Total	$	57,815

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 April 1, 2017 is as follows:

(Amounts in thousands)
Remainder of 2017	$	40,295
2018	47,854
2019	40,648
2020	36,692
2021	34,077
Thereafter	166,793
Total	$	366,359

Estimated annual amortization of customer contracts for each of the five succeeding years and thereafter, commencing April 1, 2017 is as follows:

(Amounts in thousands)
Remainder of 2017	$	52,687
2018	70,249
2019	70,249
2020	70,249
2021	70,249
Thereafter	541,579
Total	$	875,262