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Intangible Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2014
Intangible Assets And Liabilities [Abstract]  
Schedule Of Acquired Intangible Assets Liabilities By Major Class
In connection with our investment activity during the six months ended June 30, 2014, we have recorded net lease intangibles comprised as follows (life in years, dollars in thousands):
 
Weighted-Average Life
 
Amount
Amortizable Intangible Assets
 
 
 
In-place lease
3.6
 
$
6,753

Above-market rent
20.0
 
455

 
 
 
$
7,208

Amortizable Intangible Liabilities
 
 
 
Below-market rent
11.2
 
$
(185
)
Schedule Of Intangible Assets and Liabilities
Intangible assets and liabilities are summarized as follows (in thousands):
 
June 30, 2014
 
December 31, 2013
 
Gross Carrying Amount
 
Accumulated
Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated
Amortization
 
Net Carrying Amount
Amortizable Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
In-place lease
$
544,633

 
$
(98,942
)
 
$
445,691

 
$
537,271

 
$
(80,027
)
 
$
457,244

Above-market rent
97,315

 
(14,974
)
 
82,341

 
97,109

 
(12,413
)
 
84,696

Tenant relationship
13,514

 
(4,469
)
 
9,045

 
13,552

 
(4,299
)
 
9,253

Below-market ground leases
7,124

 
(139
)
 
6,985

 
7,124

 
(79
)
 
7,045

 
662,586

 
(118,524
)
 
544,062

 
655,056

 
(96,818
)
 
558,238

Unamortizable Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
Goodwill
342

 
—

 
342

 
4,062

 
—

 
4,062

Total intangible assets
$
662,928

 
$
(118,524
)
 
$
544,404

 
$
659,118

 
$
(96,818
)
 
$
562,300

 
 
 
 
 
 
 
 
 
 
 
 
Amortizable Intangible Liabilities
 
 
 
 
 
 
 
 
 
 
 
Below-market rent
$
(113,076
)
 
$
10,873

 
$
(102,203
)
 
$
(110,606
)
 
$
8,163

 
$
(102,443
)
Above-market ground lease
(1,145
)
 
10

 
(1,135
)
 
(157
)
 
3

 
(154
)
Total intangible liabilities
$
(114,221
)
 
$
10,883

 
$
(103,338
)
 
$
(110,763
)
 
$
8,166

 
$
(102,597
)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the intangible assets and liabilities recorded at June 30, 2014, scheduled annual net amortization of intangibles for the remainder of 2014, each of the next four calendar years following December 31, 2014, and thereafter is as follows (in thousands):
Years Ending December 31,
 
Net (Increase) Decrease in Rental Income
 
Increase to Amortization/Property Expense
 
Net
2014 (remaining)
 
$
(143
)
 
$
19,123

 
$
18,980

2015
 
(278
)
 
36,666

 
36,388

2016
 
13

 
32,021

 
32,034

2017
 
236

 
29,354

 
29,590

2018
 
262

 
29,246

 
29,508

Thereafter
 
(19,953
)
 
314,177

 
294,224

 
 
$
(19,863
)
 
$
460,587

 
$
440,724