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Intangible Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2017
Intangible Assets And Liabilities [Abstract]  
Schedule Of Intangible Assets and Liabilities
Intangible assets and liabilities are summarized as follows (in thousands):
 
 
 
December 31, 2017
 
December 31, 2016
 
Amortization Period (Years)
 
Gross Carrying Amount
 
Accumulated
Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated
Amortization
 
Net Carrying Amount
Finite-Lived Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
In-place lease
4 – 53
 
$
629,961

 
$
(213,641
)
 
$
416,320

 
$
620,149

 
$
(181,598
)
 
$
438,551

Above-market rent
5 – 40
 
98,162

 
(31,533
)
 
66,629

 
91,895

 
(24,599
)
 
67,296

Below-market ground leases and other
55 – 94
 
12,842

 
(726
)
 
12,116

 
12,023

 
(508
)
 
11,515

 
 
 
740,965

 
(245,900
)
 
495,065

 
724,067

 
(206,705
)
 
517,362

Indefinite-Lived Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
 
304

 

 
304

 
304

 

 
304

Total intangible assets
 
 
$
741,269

 
$
(245,900
)
 
$
495,369

 
$
724,371

 
$
(206,705
)
 
$
517,666

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Finite-Lived Intangible Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Below-market rent
7 – 53
 
$
(82,259
)
 
$
22,121

 
$
(60,138
)
 
$
(120,725
)
 
$
39,025

 
$
(81,700
)
Above-market ground lease
49 – 88
 
(1,145
)
 
61

 
(1,084
)
 
(1,145
)
 
46

 
(1,099
)
Total intangible liabilities
 
 
$
(83,404
)
 
$
22,182

 
$
(61,222
)
 
$
(121,870
)
 
$
39,071

 
$
(82,799
)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the intangible assets and liabilities recorded at December 31, 2017, scheduled annual net amortization of intangibles for the next five calendar years and thereafter is as follows (in thousands):
Years Ending December 31,
 
Net Decrease (Increase) in Rental Income
 
Increase to Amortization/Property Expenses
 
Net
2018
 
$
1,374

 
$
37,007

 
$
38,381

2019
 
1,374

 
36,740

 
38,114

2020
 
1,367

 
36,563

 
37,930

2021
 
1,369

 
36,435

 
37,804

2022
 
1,375

 
36,141

 
37,516

Thereafter
 
(368
)
 
244,466

 
244,098

 
 
$
6,491

 
$
427,352

 
$
433,843