Investments in Real Estate (Tables)

9 Months Ended

Sep. 30, 2016

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 September 30, 2016 (in thousands):

	Net increase			Increase to
	(decrease) to			amortization
	rental revenue			expense
2016	$	(2,512	)	$	24,248
2017	(10,006		)	95,904
2018	(9,758		)	93,409
2019	(8,803		)	83,084
2020	(8,042		)	77,569
Thereafter	24,553			433,821
Totals	$	(14,568	)	$	808,035