Investments in Real Estate (Tables)

3 Months Ended

Mar. 31, 2015

Investments in Real Estate

Schedule of future impact of above-market, below-market and in-place lease intangibles

The following table presents the estimated impact during the next five years and thereafter related to the amortization of the acquired above-market and below-market lease intangibles and the amortization of the in-place lease intangibles for properties held for investment at March 31, 2015 (in thousands):

	Net increase			Increase to
	(decrease) to			amortization
	rental revenue			expense
2015	$	(5,889	)	$	65,083
2016	(7,864		)	86,533
2017	(7,809		)	85,333
2018	(7,549		)	82,889
2019	(6,563		)	72,831
Thereafter	29,291			429,602
Totals	$	(6,383	)	$	822,271