Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Useful Lives of Depreciable Assets

Depreciation expense is computed using the straight-line method based on the following useful lives:

	Years
Buildings and Improvements	7 to 50
Land Improvements	5 to 20
Furniture, Fixtures and Equipment	4 to 10
Tenant Improvements	Lease Term

Summary of Deferred Leasing Intangibles

Deferred leasing intangibles, net of accumulated amortization, included in our total assets and total liabilities consist of the following:

	December 31, 2015		December 31, 2014
In-Place Leases	$	19,438	$	16,850
Above Market Leases	2,520		3,425
Below Market Ground Lease Obligation	1,778		1,823
Tenant Relationships	9,590		11,428
Total Included in Total Assets, Net of $26,432 and $28,808 of Accumulated Amortization	$	33,326	$	33,526
Below Market Leases	$	11,841	$	12,726
Total Included in Total Liabilities, Net of $8,911 and $8,735 of Accumulated Amortization	$	11,841	$	12,726

Future Amortization Expense Related to Deferred Leasing Intangibles

We will recognize net amortization expense related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2015 as follows:

	Estimated Amortization of In-Place Leases and Tenant Relationships		Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2016	$	5,922	$	1,106
2017	$	5,263	$	1,049
2018	$	3,652	$	877
2019	$	2,951	$	836
2020	$	2,465	$	757

New Accounting Pronouncement, Early Adoption

During the year ended ended December 31, 2015, the Operating Partnership elected early adoption of ASU 2015-02. The election is a full retrospective adoption approach which requires previously reported periods to be restated. The impact of this adoption on the Operating Partnership's previously reported period is as follows:

	Balance Sheet as Previously Filed as of December 31, 2014		Impact of the Adoption of ASU 2015-02		Balance Sheet as Adjusted as of December 31, 2014
Total Assets	$	2,514,246	$	78,462	$	2,592,708
Total Liabilities	$	1,413,736	$	77,382	$	1,491,118
Total Noncontrolling Interest	$	—	$	1,080	$	1,080

Condensed Balance Sheet

The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets:

	December 31, 2015		December 31, 2014
ASSETS
Assets:
Net Investment in Real Estate	$	306,866	$	278,720
Other Assets, Net	20,478		21,078
Total Assets	$	327,344	$	299,798
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities:
Mortgage Loans Payable	$	77,445	$	81,231
Other Liabilities, Net	43,103		10,656
Partners’ Capital	206,796		207,911
Total Liabilities and Partners’ Capital	$	327,344	$	299,798