Lease Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Lease Intangible Assets

Lease intangible assets, net consisted of the following at March 31, 2013 and December 31, 2012:

	March 31, 2013		December 31, 2012
	(in thousands)
In-place leases, net of accumulated amortization of $22.8 million and $20.7 million as of March 31, 2013 and December 31, 2012, respectively (with a weighted average remaining life of 80 and 82 months as of March 31, 2013 and December 31, 2012, respectively)	$	47,486	$	50,666
Above-market leases, net of accumulated amortization of $5.8 million and $5.2 million as of March 31, 2013 and December 31, 2012, respectively (with a weighted average remaining life of 67 and 70 months as of March 31, 2013 and December 31, 2012, respectively)		15,220		15,888
Leasing commissions, net of accumulated amortization of $5.5 million and $4.9 million as of March 31, 2013 and December 31, 2012, respectively (with a weighted average remaining life of 109 and 111 months as of March 31, 2013 and December 31, 2012, respectively)		18,255		19,092
	$	80,961	$	85,646

Schedule of Estimated Amortization of Lease Intangible Assets

Estimated amortization of lease intangible assets as of March 31, 2013 for each of the next five years and thereafter is as follows (in thousands):

Year Ending December 31,	Amount
2013 (remaining nine months)	$	14,299
2014		14,856
2015		10,632
2016		7,879
2017		6,893
Thereafter		26,402
Total	$	80,961