Intangibles, net (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Net Book Value of Intangibles

The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities as of December 31, 2016 and 2015 are as follows (in thousands):

	December 31,
	2016			2015
In-place lease intangibles	$	225,246		$	220,917
Above-market lease intangibles		13,974			13,960
Below-market ground lease intangibles		12,470			12,470
Less: accumulated amortization		(120,188	)		(74,895	)
Intangible assets, net	$	131,502		$	172,452
Below-market lease intangibles	$	(12,060	)	$	(12,095	)
Above-market ground lease intangibles		(3,488	)		(3,488	)
Less: accumulated amortization		4,247			2,581
Intangible liabilities, net (1)	$	(11,301	)	$	(13,002	)

FOOTNOTE:

⁽¹⁾ Intangible liabilities, net are included in other liabilities in the accompanying consolidated balance sheets.

Schedule of Estimated Future Amortization and Weighted Average Remaining Useful Life

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter, in the aggregate, as of December 31, 2016 is as follows (in thousands):

	In-place Lease Intangibles		Above- market Leases		Below- market Ground Leases		Total Assets		Below- market Leases		Above- market Ground Leases		Total Liabilities
2017	$	29,222		1,741		320	$	31,283	$	1,396		89	$	1,485
2018		17,749		1,569		320		19,638		1,254		89		1,343
2019		12,499		1,269		320		14,088		1,094		89		1,183
2020		10,481		1,059		320		11,860		866		89		955
2021		9,312		976		320		10,608		750		89		839
Thereafter		31,755		2,194		10,076		44,025		2,633		2,863		5,496
	$	111,018		8,808		11,676	$	131,502	$	7,993		3,308	$	11,301

Weighted average remaining useful life as of December 31, 2016 (in years):

In-place Lease Intangibles		Above- market Leases		Below- market Ground Leases		Below- market Leases		Above- market Ground Leases
	4.3		5.2		36.6		4.9		37.1