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Intangible Assets And Liabilities
 12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND LIABILITIES
INTANGIBLE ASSETS AND LIABILITIES
As of December 31, 2011 and 2010, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

 
December 31, 2011
 
Total Cost
 
Accumulated
Amortization
 
Intangibles,
net
In-place lease value
$
91,426

 
$
(55,498
)
 
$
35,928

Tenant relationship value
72,813

 
(45,114
)
 
27,699

Above market leases acquired
12,744

 
(5,856
)
 
6,888

Total
$
176,983

 
$
(106,468
)
 
$
70,515

 
 
 
 
 
 
Below market leases acquired
$
75,685

 
$
(40,579
)
 
$
35,106


 
December 31, 2010
 
Total Cost
 
Accumulated
Amortization
 
Intangibles,
net
In-place lease value
$
108,456

 
$
(63,010
)
 
$
45,446

Tenant relationship value
95,385

 
(52,113
)
 
43,272

Above market leases acquired
18,319

 
(9,575
)
 
8,744

Total
$
222,160

 
$
(124,698
)
 
$
97,462

 
 
 
 
 
 
Below market leases acquired
$
67,198

 
$
(37,965
)
 
$
29,233



For the years ended December 31, 2011, 2010, and 2009, the Company wrote off through the acceleration of amortization approximately $7.4 million, $1.5 million and $2.4 million, respectively, of intangible assets as a result of tenant move-outs prior to the end of the associated lease term. For the year ended December 31, 2011, the Company accelerated amortization of approximately $0.2 million of intangible liabilities as a result of tenant move-outs. For the year ended December 31, 2010, the Company accelerated amortization of a nominal amount of intangible liabilities as a result of tenant move-outs. For the year ended December 31, 2009, the Company accelerated amortization of approximately $0.4 million of intangible liabilities as a result of tenant move-outs.
As of December 31, 2011, the Company’s annual amortization for its intangible assets/liabilities is as follows (in thousands, assumes no early terminations):

 
Assets
 
Liabilities
2012
$
20,457

 
$
6,826

2013
12,457

 
6,312

2014
9,606

 
4,745

2015
7,207

 
2,597

2016
4,565

 
1,704

Thereafter
16,223

 
12,922

Total
$
70,515

 
$
35,106