ACQUIRED LEASE INTANGIBLES

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired Lease Intangibles

Acquired Lease Intangibles

Upon acquisitions of real estate, the Company assesses the fair value of acquired assets (including land, buildings and improvements, and identified intangibles such as above and below market leases, acquired in-place leases and customer relationships) and acquired liabilities in accordance with ASC Topic 805. The intangibles are amortized over the remaining non-cancelable terms of the respective leases.

The scheduled amortization of acquired lease intangible assets and liabilities as of December 31, 2012 is as follows:

(dollars in thousands)	Acquired lease intangible
	Assets		Liabilities
2013	$	4,490	$	2,196
2014	3,989		1,864
2015	3,787		1,692
2016	3,536		1,668
2017	2,798		1,506
Thereafter	13,375		5,189
Total	$	31,975	$	14,115