Intangibles Assets and Liabilities

6 Months Ended

Jun. 30, 2013

Identified Intangibles, Net [Abstract]

Intangibles Assets and Liabilities

Intangible Assets and Liabilities

Intangible assets and liabilities consisted of the following as of June 30, 2013 and December 31, 2012 (in thousands, except weighted average remaining amortization period):

		June 30, 2013				December 31, 2012
		Balance			Weighted Average Remaining Amortization Period in Years	Balance			Weighted Average Remaining Amortization Period in Years	Balance Sheet Classification
Assets:
	In place leases	$	180,262		9.3	$	174,615		9.7	Lease intangibles
	Tenant relationships	180,675			11.2	178,269			11.6	Lease intangibles
	Above market leases	24,719			6.6	25,387			6.9	Other intangibles, net
	Below market leasehold interests	30,587			69.0	30,587			69.4	Other intangibles, net
		416,243				408,858
	Accumulated amortization	(137,595		)		(125,924		)
	Total	$	278,648			$	282,934
Liabilities:
	Below market leases	$	12,841		13.8	$	12,823		13.7	Intangible liabilities, net
	Above market leasehold interests	3,827			33.6	3,827			34.0	Intangible liabilities, net
		16,668				16,650
	Accumulated amortization	(5,845		)		(5,341		)
	Total	$	10,823			$	11,309

The following is a summary of the net intangible amortization for the three and six months ended June 30, 2013 and 2012 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Amortization recorded against rental income related to above or below market leases	$	426	$	295	$	881	$	715
Rental expense related to above or below market leasehold interests	94		132		189		307
Amortization expense related to in place leases and tenant relationships	10,421		11,696		19,957		21,446