Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Identified Intangible Assets and Liabilities

The following summarizes our identified intangible assets (primarily acquired above-market leases and acquired in-place leases) and liabilities (primarily acquired below-market leases) as of March 31, 2015 and December 31, 2014.

	As of
	March 31,			December 31,
(Amounts in thousands)	2015			2014
Intangible assets:
Gross amount	$	686,418		$	689,894
Accumulated amortization		(57,397	)		(20,509	)
	$	629,021		$	669,385
Intangible liabilities:
Gross amount	$	222,903		$	222,985
Accumulated amortization		(11,939	)		(3,757	)
	$	210,964		$	219,228

Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases

Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2016 is as follows.

(Amounts in thousands)
2016	$	9,387
2017		7,791
2018		9,906
2019		9,328
2020		8,021

Leases, Acquired-in-Place [Member]

Schedule of Estimated Annual Amortization of Acquired In-Place Leases

Estimated annual amortization of acquired in-place leases for each of the five succeeding years commencing January 1, 2016 is as follows.

(Amounts in thousands)
2016	$	80,797
2017		56,388
2018		49,483
2019		45,147
2020		40,202