Deferred Leasing Intangibles (Tables)

6 Months Ended

Jun. 30, 2012

Deferred Leasing Intangibles

Schedule of deferred leasing intangibles included in total assets

	June 30, 2012			December 31, 2011
In-place leases	$	72,089		$	56,221
Less: Accumulated amortization	(19,779		)	(13,741		)
In-place leases, net	52,310			42,480
Above market leases	40,409			34,425
Less: Accumulated amortization	(7,258		)	(4,722		)
Above market leases, net	33,151			29,703
Tenant relationships	41,164			35,373
Less: Accumulated amortization	(7,609		)	(4,673		)
Tenant relationships, net	33,555			30,700
Leasing commissions	14,750			14,326
Less: Accumulated amortization	(4,965		)	(3,916		)
Leasing commissions, net	9,785			10,410
Total deferred leasing intangibles, net	$	128,801		$	113,293

Schedule of deferred leasing intangibles included in total liabilities

	June 30, 2012			December 31, 2011
Below market leases	$	6,784		$	3,954
Less: Accumulated amortization	(2,334		)	(2,025		)
Total deferred leasing intangibles, net	$	4,450		$	1,929

Schedule of amortization related to deferred leasing intangibles over the next five years

	Estimated Net Amortization of In-Place Leases, Leasing Commissions and Tenant Relationships		Net Decrease (Increase) to Rental Income Related to Above and Below Market Leases
Remainder of 2012	$	10,267	$	2,401
2013	17,003		4,499
2014	15,304		4,126
2015	13,279		3,953
2016	11,369		3,840