INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2018

Intangibles [Abstract]

Schedule of Intangibles

The following is a summary of our intangibles as of December 31, 2018 and 2017:

	December 31,
	2018			2017
	(in thousands)
Assets:
Goodwill	$	643,950	$	644,690
Above market leases	$	22,410	$	22,426
In-place leases		—		167
Accumulated amortization		(19,203)		(17,059)
Net intangible assets	$	3,207	$	5,534
Liabilities:
Below market leases	$	143,669	$	164,443
Accumulated amortization		(79,226)		(83,824)
Net intangible liabilities	$	64,443	$	80,619

Schedule of Reconciliation of Goodwill

The following is a summary of our goodwill as of December 31, 2018 and 2017:

	(in thousands)
Balance as of December 31, 2016	$	643,474
Add: foreign currency translation		1,216
Balance as of December 31, 2017		644,690
Less: foreign currency translation		(740)
Balance as of December 31, 2018	$	643,950