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Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Lease Intangible Assets and Liabilities
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
)
Summary of Amortization or Accretion Recorded During the Period Related to Acquired Lease Intangibles
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.