Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2017

Summary of Intangible Assets and Liabilities

The following table summarizes our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) as of September 30, 2017 and December 31, 2016.

	As of
(Amounts in thousands)	September 30, 2017			December 31, 2016
Intangible assets:
Gross amount	$	562,262		$	579,066
Accumulated amortization		(189,209	)		(166,841	)
	$	373,053		$	412,225
Intangible liabilities:
Gross amount	$	210,016		$	208,367
Accumulated amortization		(71,453	)		(55,349	)
	$	138,563		$	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	$	16,281
2019		14,355
2020		8,750
2021		4,491
2022		1,091

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	$	60,896
2019		54,639
2020		42,316
2021		30,123
2022		24,009