Lease Intangible Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

The following table summarizes the Company’s lease intangible assets and liabilities (in thousands):

June 30, 2018

	Gross		Accumulated
Lease Intangible Assets	Asset		Amortization			Balance
In-place leases, net	$	489,593	$	(254,180	)	$	235,413
Below-market ground leases, net		11,766		(609	)		11,157
Above-market leases, net		8,276		(3,543	)		4,733
Total	$	509,635	$	(258,332	)	$	251,303

December 31, 2017

	Gross		Accumulated
Lease Intangible Assets	Asset		Amortization			Balance
In-place leases, net	$	542,655	$	(249,569	)	$	293,086
Below-market ground leases, net		11,766		(508	)		11,258
Above-market leases, net		8,925		(3,171	)		5,754
Total	$	563,346	$	(253,248	)	$	310,098

The following table summarizes the Company’s lease intangible assets and liabilities (in thousands):

	Gross		Accumulated
Lease Intangible Liabilities	Liability		Amortization			Balance
Below-market leases, net	$	19,658	$	(6,228	)	$	13,430
Total	$	19,658	$	(6,228	)	$	13,430

	Gross		Accumulated
Lease Intangible Liabilities	Liability		Amortization			Balance
Below-market leases, net	$	19,658	$	(5,182	)	$	14,476
Total	$	19,658	$	(5,182	)	$	14,476

Future amortization of below-market ground leases is estimated to increase property expenses as set forth below (in thousands):

Future amortization of these intangibles is estimated to increase rental income as set forth below (in thousands):

Future estimated amortization of acquired in-place leases is set forth below (in thousands):