6. Intangible Assets and Liabilities

The following summarizes the Company’s intangible assets and liabilities classified as part of other assets or other liabilities at September 30, 2014 and December 31, 2013, respectively (in thousands):


	Assets
	September 30, 2014							December 31, 2013
	Gross Amount		Accumulated Amortization			Net		Gross Amount		Accumulated Amortization			Net
Above market leases	$	5,512	$	(2,830	)	$	2,682	$	6,437	$	(3,452	)	$	2,985
In-place lease assets		652		(179	)		473		652		(130	)		522
Operator relationship		212		(47	)		165		212		(34	)		178

	$	6,376	$	(3,056	)	$	3,320	$	7,301	$	(3,616	)	$	3,685


	Liabilities
	September 30, 2014							December 31, 2013
	Gross Amount		Accumulated Amortization			Net		Gross Amount		Accumulated Amortization			Net
Below market leases	$	12,933	$	(6,212	)	$	6,721	$	17,623	$	(10,059	)	$	7,564

Amortization expense for in-place lease assets and operator relationship was $0.02 million, $0.06 million, $0.02 million and $0.06 million for the three and nine months ended September 30, 2014 and 2013, respectively, and is included as a component of depreciation and amortization in the consolidated statements of operations. Amortization expense for the above market leases intangible asset for the three and nine months ended September 30, 2014 and 2013 was approximately $0.09 million, $0.3 million, $0.1 million and $0.4 million, respectively, and is included as a component of rental income in the consolidated statements of operations. Accretion for the below market leases intangible liability for the three and nine months ended September 30, 2014 and 2013 was approximately $0.2 million, $0.8 million, $0.5 million and $1.5 million, respectively, and is included as a component of rental income in the consolidated statements of operations.

For the three and nine months ended September 30, 2014, the Company wrote-off fully amortized above market leases intangible assets of approximately $0.3 million and $0.9 million, respectively, and fully amortized below market leases intangible liabilities of approximately $0.3 million and $4.7 million, respectively, for a net recognition of $0 and $0, respectively, in rental income from intangible amortization. These write-offs were the result of fully amortized assets and fully accreted liabilities.