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Intangibles - (Tables)
 12 Months Ended
Dec. 31, 2016
Finite-Lived Intangible Assets, Net [Abstract]  
Summary of the carrying amount of intangible assets and liabilities
The following is a summary of the carrying amount of intangible assets and liabilities as of December 31, 2016 and 2015 (in thousands):
 
December 31, 2016
 
December 31, 2015
 
Cost
 
Accumulated
Amortization
 
Net
 
Cost
 
Accumulated
Amortization
 
Net
Assets
 

 
 

 
 

 
 

 
 

 
 

In-place leases
$
222,394

 
$
(55,605
)
 
$
166,789

 
$
163,728

 
$
(26,702
)
 
$
137,026

Above market leases
35,478

 
(6,909
)
 
28,569

 
26,787

 
(3,174
)
 
23,613

Leasehold interest
712

 
(124
)
 
588

 
712

 
(64
)
 
648

Below market ground lease
42,878

 
(539
)
 
42,339

 
13,941

 
(68
)
 
13,873

Total
$
301,462


$
(63,177
)

$
238,285


$
205,168


$
(30,008
)

$
175,160

Liability
 

 
 

 
 

 
 

 
 

 
 

Below market lease
$
10,297

 
$
(2,345
)
 
$
7,952

 
$
6,068

 
$
(799
)
 
$
5,269

Above market ground lease
1,345

 
(44
)
 
1,301

 
701

 
(20
)
 
681

Total
$
11,642


$
(2,389
)

$
9,253


$
6,769


$
(819
)

$
5,950
Summary of the carrying amount of acquired lease intangibles
The following is a summary of the acquired lease intangible amortization for the years ended December 31, 2016, 2015, and 2014 (in thousands):
 
December 31,
 
2016
 
2015
 
2014
Amortization expense related to in-place leases
$
28,902

 
$
15,300

 
$
4,133

Decrease of rental income related to above-market leases
4,403

 
2,596

 
530

Decrease of rental income related to leasehold interests
59

 
59

 
5

Increase of rental income related to below-market leases
1,835

 
643

 
156

Decrease of operating expense related to above market ground leases
24

 
16

 
4

Increase in operating expense related to below market ground leases
471

 
68

 
—
Schedule of future amortization of the acquired lease intangibles
Future aggregate net amortization of the acquired lease intangibles as of December 31, 2016, is as follows (in thousands): 
 
Net Decrease in
Revenue
 
Net Increase in
Expenses
2017
$
(2,311
)
 
$
30,305

2018
(2,217
)
 
26,169

2019
(2,344
)
 
21,803

2020
(2,434
)
 
19,426

2021
(2,477
)
 
17,999

Thereafter
(9,422
)
 
92,125

Total
$
(21,205
)

$
207,827