Intangible Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Identified Intangibles, Net [Abstract]

Schedule of Intangible Assets and Liabilities

Intangible assets and liabilities consisted of the following as of December 31, 2015 and 2014 (in thousands, except weighted average remaining amortization):

	December 31, 2015				December 31, 2014
	Balance			Weighted Average Remaining Amortization in Years	Balance			Weighted Average Remaining Amortization in Years
Assets:
In place leases	$	249,824		11.0	$	231,370		8.8
Tenant relationships	180,925			10.4	187,918			10.3
Above market leases	24,974			6.0	26,676			5.5
Below market leasehold interests	34,606			63.0	32,950			67.3
	490,329				478,914
Accumulated amortization	(219,334		)		(182,149		)
Total	$	270,995		16.6	$	296,765		15.2
Liabilities:
Below market leases	$	22,240		27.2	$	14,188		11.5
Above market leasehold interests	11,582			53.7	3,857			32.1
	33,822				18,045
Accumulated amortization	(7,211		)		(5,620		)
Total	$	26,611		38.0	$	12,425		17.1

Summary of Net Intangible Amortization

The following is a summary of the net intangible amortization for the years ended December 31, 2015, 2014 and 2013 (in thousands):

	Year Ended December 31,
	2015		2014		2013
Amortization recorded against rental income related to above or below market leases	$	1,936	$	2,096	$	1,772
Rental expense related to above or below market leasehold interests	414		457		346
Amortization expense related to in place leases and tenant relationships	47,444		48,465		42,878

Amortization of Intangible Assets and Liabilities

As of December 31, 2015, the amortization of intangible assets and liabilities is as follows (in thousands):

Year	Assets		Liabilities
2016	$	44,015	$	1,854
2017	37,660		1,557
2018	31,548		1,480
2019	27,263		1,375
2020	21,865		1,206
Thereafter	108,644		19,139
Total	$	270,995	$	26,611