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Intangible Assets
 6 Months Ended
Jun. 30, 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): 
 
June 30, 2017
 
December 31, 2016
Acquired Lease Intangible Assets:
 
 
 
In-place lease intangibles
$
78,873

 
$
68,234

Accumulated amortization
(43,633
)
 
(37,648
)
In-place lease intangibles, net
35,240

 
30,586

Above-market tenant leases
10,901

 
10,191

Accumulated amortization
(5,054
)
 
(4,412
)
Above-market tenant leases, net
5,847

 
5,779

Acquired lease intangible assets, net
$
41,087

 
$
36,365

Acquired Lease Intangible Liabilities:
 

 
 

Below-market tenant leases
$
(15,112
)
 
$
(12,426
)
Accumulated accretion
4,492

 
3,477

Below-market tenant leases, net
(10,620
)
 
(8,949
)
Above-market ground lease
(290
)
 
(290
)
Accumulated accretion
125

 
109

Above-market ground lease, net
(165
)
 
(181
)
Acquired lease intangible liabilities, net
$
(10,785
)
 
$
(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 June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
In-place lease intangibles(1)
$
3,149

 
$
3,402

 
$
6,105

 
$
6,288

Net above (below)-market tenant leases(2)
$
(193
)
 
$
67

 
$
(302
)
 
$
72

Above-market ground lease(3)
$
(8
)
 
$
(8
)
 
$
(16
)
 
$
(16
)
 
(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.