Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets and Liabilities

As of June 30, 2015 and December 31, 2014, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

	June 30, 2015
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	176,041	$	(48,435	)	$	127,606
Tenant relationship value	30,203		(24,339		)	5,864
Above market leases acquired	5,510		(1,690		)	3,820
Total intangible assets, net	$	211,754	$	(74,464	)	$	137,290
Acquired lease intangibles, net:
Below market leases acquired	$	60,963	$	(29,398	)	$	31,565

	December 31, 2014
	Total Cost		Accumulated Amortization			Intangible assets/liabilities, net
Intangible assets, net:
In-place lease value	$	129,411	$	(42,068	)	$	87,343
Tenant relationship value	34,172		(26,344		)	7,828
Above market leases acquired	5,641		(1,409		)	4,232
Total intangible assets, net	$	169,224	$	(69,821	)	$	99,403
Acquired lease intangibles, net:
Below market leases acquired	$	53,049	$	(27,039	)	$	26,010

Summary of Amortization for Intangible Assets and Liabilities

As of June 30, 2015, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no prospective early lease terminations):

	Assets		Liabilities
2015 (six months remaining)	$	25,005	$	5,693
2016	36,642		7,595
2017	19,815		3,461
2018	12,585		2,217
2019	11,286		1,885
Thereafter	31,957		10,714
Total	$	137,290	$	31,565