Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

INTANGIBLE ASSETS AND LIABILITIES

As of September 30, 2014 and December 31, 2013, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

	September 30, 2014
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	130,594	$	(38,403	)	$	92,191
Tenant relationship value	35,186		(26,517		)	8,669
Above market leases acquired	5,715		(1,275		)	4,440
Total intangible assets, net	$	171,495	$	(66,195	)	$	105,300
Acquired lease intangibles, net:
Below market leases acquired	$	53,049	$	(25,661	)	$	27,388

	December 31, 2013
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	150,782	$	(35,607	)	$	115,175
Tenant relationship value	38,692		(26,868		)	11,824
Above market leases acquired	6,673		(1,343		)	5,330
Total intangible assets, net	$	196,147	$	(63,818	)	$	132,329
Acquired lease intangibles, net:
Below market leases acquired	$	81,991	$	(47,547	)	$	34,444

As of September 30, 2014, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no prospective early lease terminations):

	Assets		Liabilities
2014 (three months remaining)	$	5,892	$	1,378
2015	21,363		5,212
2016	16,898		3,253
2017	15,148		2,664
2018	11,399		2,241
Thereafter	34,600		12,640
Total	$	105,300	$	27,388