Lease Intangibles (Tables)

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets and liabilities are summarized as follows (in thousands):

	June 30, 2017									December 31, 2016
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Amortizable Intangible Assets
In-place lease intangible assets	$	174,113		$	(60,712	)	$	113,401		$	156,420		$	(47,827	)	$	108,593
Above-market rent	17,328			(11,727		)	5,601			16,649			(10,658		)	5,991
	$	191,441		$	(72,439	)	$	119,002		$	173,069		$	(58,485	)	$	114,584
Amortizable Intangible Liabilities
Below-market rent	$	(141,157	)	$	37,844		$	(103,313	)	$	(137,032	)	$	32,004		$	(105,028	)
Above-market ground lease	(672		)	5			(667		)	—			—			—
	$	(141,829	)	$	37,849		$	(103,980	)	$	(137,032	)	$	32,004		$	(105,028	)

Schedule of Amortization of Acquired Lease Intangible Assets and Liabilities

The scheduled amortization of acquired lease intangible assets and assumed liabilities as of June 30, 2017 is as follows (in thousands):

Years Ending December 31,	Net Increase in Lease Revenues		Increase to Amortization			Reduction of Rent Expense		Net Expense
2017 (Remainder)	$	9,492	$	(25,081	)	$	58	$	(15,531	)
2018	9,607		(18,466		)	58		(8,801		)
2019	9,093		(14,273		)	58		(5,122		)
2020	7,708		(11,760		)	58		(3,994		)
2021	7,012		(9,304		)	58		(2,234		)
Thereafter	54,800		(34,517		)	377		20,660
Total	$	97,712	$	(113,401	)	$	667	$	(15,022	)