Intangible Assets Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2017

Finite-Lived Intangible Assets, Net [Abstract]

Schedule of Finite-Lived Intangible Assets

The gross carrying amounts, and accumulated amortization are as follows (in thousands):

		June 30, 2017					December 31, 2016
Intangible Asset	Useful Life	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Ground leases	8-57 years	$	33,270	$	(1,114	)	$	33,270	$	(600	)
In-place leases	7 years	99,535		(38,663		)	98,235		(31,796		)
Franchise fees and other intangible assets	15 years	1,880		(1,413		)	1,880		(1,155		)
Total		$	134,685	$	(41,190	)	$	133,385	$	(33,551	)

Schedule of Intangible Assets Amortization Expense

Total amortization expenses related to the intangible assets are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Intangible Asset	2017		2016		2017		2016
Ground leases	$	257	$	—	$	514	$	—
In-place leases	3,428		2,165		6,844		4,318
Franchise fees and other intangible assets	129		129		258		258
Total	$	3,814	$	2,294	$	7,616	$	4,576

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

We anticipate amortization expense for our intangible assets to be as follows for the next five years (in thousands):

	Year
	Remainder of 2017		2018		2019		2020		2021
Estimated expense	$	7,650	$	14,482	$	13,566	$	11,838	$	11,446