Acquired Lease Intangibles (Tables)

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Summary of the Company's Acquired Lease Intangibles

The following table summarizes the Company’s acquired lease intangibles as of December 31, 2014 (in thousands):

	December 31, 2014
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
In-place lease assets	$	5,434	$	2,096	$	3,338
Above-market lease assets		107		32		75
Below-market lease liabilities		2,169		302		1,867
Below-market ground lease assets		1,920		86		1,834

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,
2015	$	161	$	53	$	1,087
2016		112		53		626
2017		110		53		528
2018		107		53		351
2019		95		53		200