Investment Property (Tables)

3 Months Ended

Mar. 31, 2018

Schedule Of Property Subject To Or Available For Operating Lease

Investment property consisted of the following amounts as of March 31, 2018 and December 31, 2017 (in thousands):



	March 31, 2018			December 31, 2017
Buildings and improvements	$	2,288,189		$	2,255,267
Less: accumulated depreciation	(253,543		)	(237,767		)
Buildings and improvements, net	2,034,646			2,017,500
Land	672,919			671,776
Investment property, net	$	2,707,565		$	2,689,276

Schedule Of Acquired Finite-Lived Intangible Assets By Major Class

As of March 31, 2018, the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands):



	Lease Intangibles
				Out-of-Market Lease Assets			Out-of-Market Lease Liabilities
	In-Place Leases			Out-of-Market Lease Assets			Out-of-Market Lease Liabilities
Cost	$	652,711		$	66,116		$	(107,984	)
Less: accumulated amortization	(284,353		)	(40,579		)	42,372
Net	$	368,358		$	25,537		$	(65,612	)

As of December 31, 2017, the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands):



	Lease Intangibles
				Out-of-Market Lease Assets			Out-of-Market Lease Liabilities
	In-Place Leases			Out-of-Market Lease Assets			Out-of-Market Lease Liabilities
Cost	$	662,854		$	69,510		$	(108,043	)
Less: accumulated amortization	(283,774		)	(42,333		)	38,477
Net	$	379,080		$	27,177		$	(69,566	)

Schedule Of Finite Lived Intangible Assets Future Amortization Expense

Anticipated amortization of in-place leases and out-of-market leases, net, for the period from April 1, 2018 through December 31, 2018 and for each of the years ending December 31, 2019 through December 31, 2022 are as follows (in thousands):



	In-Place Leases		Out-of-Market Leases, Net
April 1, 2018 through December 31, 2018	$	35,962	$	(1,529	)
2019	41,196		(3,141		)
2020	34,420		(3,231		)
2021	23,552		(851		)
2022	18,596		(1,577		)

Schedule Of Future Minimum Rental Income For Operating Leases

As of March 31, 2018, the approximate fixed future minimum rentals for the period from April 1, 2018 through December 31, 2018, for each of the years ending December 31, 2019 through December 31, 2022 and for the period thereafter are as follows (in thousands):



	Fixed Future Minimum Rentals
April 1, 2018 through December 31, 2018	$	197,405
2019	252,116
2020	225,353
2021	183,173
2022	157,441
Thereafter	617,924
Total	$	1,633,412