Acquired Lease Intangibles (Tables)

12 Months Ended

Dec. 31, 2013

Summary of the Company's Acquired Lease Intangibles

The following table summarizes the Company’s acquired lease intangibles as of December 31, 2013 (in thousands):

	December 31, 2013
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
In-place lease assets	$	3,279	$	817	$	2,462
Above-market lease assets		27		7		20
Below-market lease liabilities		1,750		112		1,638
Below-market ground lease assets		1,920		33		1,887

Estimated Amortization of Acquired Lease Intangibles

Estimated amortization of acquired lease intangibles for each of the five succeeding years is as follows (in thousands):

	Rental Revenues		Rental Expenses		Depreciation and Amortization
Year ending December 31,
2014	$	158	$	53	$	458
2015		149		53		409
2016		111		53		355
2017		112		53		332
2018		104		53		189