OTHER INTANGIBLE ASSETS

A schedule of our intangible assets and liabilities and related accumulated amortization and accretion as of December 31, 2016 and 2015, is as follows:



	Assets														Liabilities
December 31, 2016	Acquired Above-Market Leases			Acquired In-Place Leases			Tax Abatement			Acquired Below-Market Ground Lease			Trade Name and License		Acquired Below-Market Leases
	(in thousands)
Gross balance	$	215		$	11,551		$	4,273		$	11,685		$	2,957	$	(18,893	)
Accumulated amortization	(180		)	(8,443		)	(2,873		)	(1,562		)	—		15,317
	$	35		$	3,108		$	1,400		$	10,123		$	2,957	$	(3,576	)
Average useful life (in years)	8			10			8			84			Indefinite		8



	Assets																	Liabilities
December 31, 2015	Acquired Above-Market Leases			Acquired In-Place Leases			Tax Abatement			Franchise Affiliation Fee(1)			Acquired Below-Market Ground Lease			Trade Name and License		Acquired Below-Market Leases
	(in thousands)
Gross balance	$	966		$	21,398		$	4,273		$	3,936		$	11,685		$	2,957	$	(19,722	)
Accumulated amortization	(843		)	(16,943		)	(2,322		)	(3,375		)	(1,422		)	—		13,636
	$	123		$	4,455		$	1,951		$	561		$	10,263		$	2,957	$	(6,086	)
Average useful life (in years)	7			8			8			10			84			Indefinite		8


(1)	Franchise affiliation fee is associated with the Courtyard Oakland, which was sold in February 2016 (Note 4).

The amortization of the acquired above-market leases which decreased rental and other property income was $88,000, $240,000 and $602,000 for the years ended December 31, 2016, 2015 and 2014, respectively. The amortization of acquired in-place leases included in depreciation and amortization expense was $1,347,000, $1,857,000 and $2,368,000 for the years ended December 31, 2016, 2015 and 2014, respectively. Tax abatement amortization of $551,000 for each of the years ended December 31, 2016, 2015 and 2014, and the amortization of acquired below-market ground lease of $140,000 for each of the years ended December 31, 2016, 2015 and 2014, are included in rental and other property operating expenses. Included in depreciation and amortization expense was franchise affiliation fee amortization of $33,000, $394,000 and $394,000 for the years ended December 31, 2016, 2015 and 2014, respectively. The amortization of advance bookings included in depreciation and amortization expense was $0, $0 and $190,000 for the years ended December 31, 2016, 2015 and 2014, respectively. The amortization of the acquired below-market leases included in rental and other property income was $2,510,000, $2,571,000 and $2,631,000 for the years ended December 31, 2016, 2015 and 2014, respectively.

A schedule of future amortization and accretion of acquisition related intangible assets and liabilities as of December 31, 2016, is as follows:



	Assets								Liabilities
	Acquired		Acquired				Acquired		Acquired
	Above-Market		In-Place		Tax		Below-Market		Below-Market
Years Ending December 31,	Leases		Leases		Abatement		Ground Lease		Leases
	(in thousands)
2017	$	26	$	871	$	551	$	140	$	(2,405	)
2018	9		733		551		140		(971		)
2019	—		464		298		140		(200		)
2020	—		207		—		140		—
2021	—		207		—		140		—
Thereafter	—		626		—		9,423		—
	$	35	$	3,108	$	1,400	$	10,123	$	(3,576	)