Lease Intangibles (Tables)

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets and liabilities are included in other assets and other liabilities (Note 5) on the consolidated balance sheet and summarized as follows (in thousands):

	June 30, 2018									December 31, 2017
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Amortizable Intangible Assets
In-place lease intangible assets	$	199,727		$	(90,414	)	$	109,313		$	193,821		$	(72,749	)	$	121,072
Above-market rent	17,365			(11,696		)	5,669			16,786			(10,287		)	6,499
	$	217,092		$	(102,110	)	$	114,982		$	210,607		$	(83,036	)	$	127,571
Amortizable Intangible Liabilities
Below-market rent	$	(150,283	)	$	50,853		$	(99,430	)	$	(147,232	)	$	43,391		$	(103,841	)
Above-market ground lease	(671		)	63			(608		)	(671		)	34			(637		)
	$	(150,954	)	$	50,916		$	(100,038	)	$	(147,903	)	$	43,425		$	(104,478	)

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, 2018 is as follows (in thousands):

Years Ending December 31,	Net Increase in Lease Revenues		Increase to Amortization			Reduction of Rent Expense		Net Income (Expense)
2018 (Remainder)	$	3,114	$	(8,035	)	$	29	$	(4,892	)
2019	9,633		(23,201		)	58		(13,510		)
2020	8,853		(17,244		)	58		(8,333		)
2021	7,670		(12,653		)	58		(4,925		)
2022	7,373		(8,863		)	58		(1,432		)
Thereafter	57,118		(39,317		)	347		18,148
Total	$	93,761	$	(109,313	)	$	608	$	(14,944	)