Intangibles (Tables)

6 Months Ended

Jun. 30, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Gross Carrying Amount and Accumulated Amortization of Intangible Assets and Liabilities

The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities consisted of the following ($ in thousands):

	June 30, 2017
Intangible assets:
In-place lease intangibles	$	69,461
Below-market ground lease intangibles		4,683
Above-market lease intangibles		2,984
Prepaid ground lease rent		16,114
Total intangible assets		93,242
Accumulated amortization:
In-place lease amortization		(15,432	)
Below-market ground lease amortization		(40	)
Above-market lease amortization		(137	)
Prepaid ground lease rent amortization		(37	)
Total accumulated amortization		(15,646	)
Intangible assets, net	$	77,596
Intangible liabilities:
Below-market lease intangibles	$	11,548
Accumulated amortization		(502	)
Intangible liabilities, net	$	11,046

Estimated Future Amortization

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of June 30, 2017 is as follows ($ in thousands):

	In-place Lease Intangibles		Below-market Ground Lease Intangibles		Above-market Lease Intangibles		Pre-paid Ground Lease Intangibles		Below-market Lease Intangibles
2017 (remaining)	$	28,356	$	45	$	339	$	112	$	(1,120	)
2018		7,933		89		647		224		(2,198	)
2019		5,283		89		433		224		(1,930	)
2020		4,431		89		410		224		(1,751	)
2021		3,484		89		378		224		(1,514	)
Thereafter		4,542		4,242		640		15,069		(2,533	)
	$	54,029	$	4,643	$	2,847	$	16,077	$	(11,046	)