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Intangible Assets
 3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets  

The following table summarizes our acquired lease intangible assets, including the value of in-place leases and above-market tenant leases, and our acquired lease intangible liabilities, including below-market tenant leases and above-market ground leases (in thousands): 
 
March 31, 2017
 
December 31, 2016
Acquired Lease Intangible Assets:
 
 
 
In-place lease intangibles
$
68,234

 
$
68,234

Accumulated amortization
(40,604
)
 
(37,648
)
In-place lease intangibles, net
27,630

 
30,586

Above-market tenant leases
10,191

 
10,191

Accumulated amortization
(4,771
)
 
(4,412
)
Above-market tenant leases, net
5,420

 
5,779

Acquired lease intangible assets, net
$
33,050

 
$
36,365

Acquired Lease Intangible Liabilities:
 

 
 

Below-market tenant leases
(12,426
)
 
(12,426
)
Accumulated accretion
3,946

 
3,477

Below-market tenant leases, net
(8,480
)
 
(8,949
)
Above-market ground lease
(290
)
 
(290
)
Accumulated accretion
117

 
109

Above-market ground lease, net
(173
)
 
(181
)
Acquired lease intangible liabilities, net
$
(8,653
)
 
$
(9,130
)

 
The following table summarizes the amortization related to our acquired lease intangible assets and liabilities for the reported periods noted below (in thousands):
 
Three Months Ended March 31,
 
2017
 
2016
In-place lease intangibles(1)
$
2,955

 
$
2,886

Net above (below)-market tenant leases(2)
$
(109
)
 
$
4

Above-market ground lease(3)
$
(8
)
 
$
(8
)
 
(1)
The amortization of in-place lease intangibles is recorded to depreciation and amortization expense in the consolidated statements of operations for the periods presented.
(2)
The amortization of net above (below)-market tenant leases is recorded as a decrease (increase) to rental revenues in the consolidated statements of operations for the periods presented.
(3)
The accretion of the above-market ground lease is recorded as a decrease to property expenses in the consolidated statements of operations for the periods presented.