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Intangible Assets
 9 Months Ended
Sep. 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): 
 
September 30, 2017
 
December 31, 2016
Acquired Lease Intangible Assets:
 
 
 
In-place lease intangibles
$
91,760

 
$
68,234

Accumulated amortization
(48,126
)
 
(37,648
)
In-place lease intangibles, net
43,634

 
30,586

Above-market tenant leases
10,896

 
10,191

Accumulated amortization
(5,383
)
 
(4,412
)
Above-market tenant leases, net
5,513

 
5,779

Acquired lease intangible assets, net
$
49,147

 
$
36,365

Acquired Lease Intangible Liabilities:
 

 
 

Below-market tenant leases
$
(23,594
)
 
$
(12,426
)
Accumulated accretion
5,604

 
3,477

Below-market tenant leases, net
(17,990
)
 
(8,949
)
Above-market ground lease
(290
)
 
(290
)
Accumulated accretion
133

 
109

Above-market ground lease, net
(157
)
 
(181
)
Acquired lease intangible liabilities, net
$
(18,147
)
 
$
(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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
In-place lease intangibles(1)
$
4,708

 
$
3,561

 
$
10,812

 
$
9,849

Net above (below)-market tenant leases(2)
$
(877
)
 
$
(31
)
 
$
(1,179
)
 
$
41

Above-market ground lease(3)
$
(8
)
 
$
(8
)
 
$
(24
)
 
$
(24
)
 
(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.