In connection with our acquisitions of properties, we have recorded net lease intangibles that are being amortized over periods ranging from one year to 40 years. In addition, we have several ground leases with lives up to 94 years. In-place lease intangibles are included in In-place lease intangible assets, net in the consolidated financial statements. Tenant relationship, above-market rent, and below-market ground lease (as lessee) intangibles are included in Other intangible assets, net in the consolidated financial statements. Below-market rent and above-market ground lease (as lessor) intangibles are included in Prepaid and deferred rental income and security deposits in the consolidated financial statements.

In connection with our investment activity during the nine months ended September 30, 2013, we have recorded intangibles as follows (life in years, dollars in thousands):


	Weighted-Average Life		Amount
Amortizable Intangible Assets
Lease intangibles:
In-place leases		13.9	$	35,127
Above-market rent		34.6		13,769
Below-market ground lease		54.6		5,714
Total intangible assets			$	54,610

Amortizable Intangible Liabilities
Below-market rent		33.8	$	(4,061)
Above-market ground lease		48.6		(157)
Total intangible liabilities			$	(4,218)


	September 30, 2013						December 31, 2012
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable Intangible Assets
Lease intangibles:
In-place leases	$	507,050	$	(70,633)	$	436,417	$	467,846	$	(44,762)	$	423,084
Above-market rent		89,118		(10,875)		78,243		74,491		(7,584)		66,907
Tenant relationship		13,361		(4,183)		9,178		13,231		(3,307)		9,924
Below-market ground leases		7,124		(47)		7,077		1,410		(2)		1,408
Total intangible assets	$	616,653	$	(85,738)	$	530,915	$	556,978	$	(55,655)	$	501,323

Amortizable Intangible Liabilities
Below-market rent	$	(88,597)	$	6,972	$	(81,625)	$	(84,130)	$	3,675	$	(80,455)
Above-market ground lease		(157)		2		(155)		-		-		-
Total intangible liabilities	$	(88,754)	$	6,974	$	(81,780)	$	(84,130)	$	3,675	$	(80,455)

Net amortization of intangibles, including the effect of foreign currency translation, was $8.9 million and $7.3 million for the three months ended September 30, 2013 and 2012, respectively, and $26.3 million and $20.5 million for the nine months ended September 30, 2013 and 2012, respectively. Amortization of below-market rent and above-market rent intangibles is recorded as an adjustment to Lease revenues, amortization of below-market ground lease and above-market ground lease intangibles is included in Property expenses, and amortization of in-place lease and tenant relationship intangibles is included in Depreciation and amortization.

Based on the intangible assets and liabilities recorded at September 30, 2013, scheduled annual net amortization of intangibles for the remainder of 2013, each of the next four calendar years following December 31, 2013, and thereafter is as follows (in thousands):