XML 72 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP
 12 Months Ended
Dec. 31, 2012
TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP [Abstract]  
Tenant Origination and Absorption Costs and Tenant Relationship
TENANT ORIGINATION AND ABSORPTION COSTS AND TENANT RELATIONSHIP
As of December 31, 2012 and 2011, the Company’s tenant origination and absorption costs and tenant relationship assets were as follows (in thousands):
 
  
Tenant Origination and Absorption Costs
 
Tenant Relationship
 
 
December 31,
 
 
2012
 
2011
 
2012
 
2011
Cost
  
$
6,688

 
$
3,166

 
$
1,551

 
$
564

Accumulated amortization
  
(344
)
 
(75
)
 
(38
)
 
(7
)
 
  
 
 
 
 
 
 
 
Net amount
  
$
6,344

 
$
3,091

 
$
1,513

 
$
557


Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs and tenant relationship assets for the years ended December 31, 2012 and 2011 are as follows (in thousands): 
 
 
Tenant Origination and Absorption Costs
 
Tenant Relationship
 
 
For the Year Ended December 31,
 
 
2012
 
2011
 
2012
 
2011
 
  
 
 
 
 
 
 
 
Amortization
  
$
(269
)
 
$
(75
)
 
$
(31
)
 
$
(7
)

 
The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2012 will be amortized for the years ending December 31 as follows:
 
 
Tenant Origination and Absorption Costs
 
Tenant Relationship
 
 
  

 
 
2013
 
$
472

 
$
65

2014
 
472

 
65

2015
 
472

 
65

2016
 
472

 
65

2017
 
472

 
65

Thereafter
 
3,984

 
1,188

 
 
 
 
 
 
 
$
6,344

 
$
1,513

 
 
  
 
 
Weighted-Average Remaining Amortization Period
 
14.4 years

 
24.0 years