Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

Summary of Intangible Assets and Liabilities

The following summarizes our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) as of March 31, 2017 and December 31, 2016.

	As of
(Amounts in thousands)	March 31, 2017			December 31, 2016
Intangible assets:
Gross amount	$	560,809		$	579,066
Accumulated amortization		(171,221	)		(166,841	)
	$	389,588		$	412,225
Intangible liabilities:
Gross amount	$	203,674		$	208,367
Accumulated amortization		(58,536	)		(55,349	)
	$	145,138		$	153,018

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, 2018 is as follows.

(Amounts in thousands)
2018	$	14,220
2019		12,010
2020		9,625
2021		4,546
2022		1,181

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, 2018 is as follows.

(Amounts in thousands)
2018	$	54,581
2019		48,184
2020		41,073
2021		28,268
2022		23,654