Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

Identified Intangibles, Net [Abstract]

Schedule of Intangible Assets and Liabilities

Intangible assets and liabilities consisted of the following as of March 31, 2017 and December 31, 2016, respectively (in thousands, except weighted average remaining amortization):

	March 31, 2017				December 31, 2016
	Balance			Weighted Average Remaining Amortization in Years	Balance			Weighted Average Remaining Amortization in Years
Assets:
In place leases	$	296,018		9.9	$	294,597		9.7
Tenant relationships	171,541			10.6	172,974			10.6
Above market leases	28,149			6.3	28,401			6.3
Below market leasehold interests	38,136			60.3	38,136			60.4
	533,844				534,108
Accumulated amortization	(266,758		)		(256,305		)
Total	$	267,086		16.4	$	277,803		16.1
Liabilities:
Below market leases	$	34,081		19.0	$	34,370		18.6
Above market leasehold interests	11,632			52.8	11,632			53.0
	45,713				46,002
Accumulated amortization	(9,704		)		(8,946		)
Total	$	36,009		29.0	$	37,056		28.5

Summary of Net Intangible Amortization

The following is a summary of the net intangible amortization for the three months ended March 31, 2017 and 2016, respectively (in thousands):

	Three Months Ended March 31,
	2017			2016
Amortization recorded against rental income related to above and (below) market leases	$	(223	)	$	337
Rental expense related to above and (below) market leasehold interests	129			96
Amortization expense related to in place leases and tenant relationships	12,730			10,767