XML 43 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Intangible Assets and Below Market Lease Liabilities (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Total intangible assets and below market lease liabilities [Table Text Block]
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:
 
 
March 31,
2016
 
December 31,
2015
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
347,089

 
$
346,937

Less accumulated amortization
(122,630
)
 
(115,172
)
 
$
224,459

 
$
231,765

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
63,628

 
$
63,830

Less accumulated amortization
(19,497
)
 
(17,927
)
 
$
44,131

 
$
45,903

Amortization of intangible assets and below market lease liabilities [Table Text Block]
The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
March 31,
 
2016
 
2015
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
11,335

 
$
10,001

Amortization of lease incentives (in rental and other revenues)
$
711

 
$
351

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
1,031

 
$
1,166

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
138

 
$
137

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,772
)
 
$
(1,732
)

Scheduled future amortization of intangible assets and below market lease liabilities [Table Text Block]
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:
 
 
 
Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)
 
Amortization of Lease Incentives (in Rental and Other Revenues)
 
Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues)
 
Amortization of Acquisition-Related Intangible Assets (in Rental Property and Other Expenses)
 
Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
April 1 through December 31, 2016
 
$
34,295

 
$
1,011

 
$
2,805

 
$
415

 
$
(5,225
)
2017
 
38,954

 
1,275

 
2,650

 
553

 
(6,619
)
2018
 
32,108

 
1,171

 
1,706

 
553

 
(6,228
)
2019
 
26,469

 
961

 
1,305

 
553

 
(5,737
)
2020
 
21,882

 
725

 
988

 
525

 
(5,408
)
Thereafter
 
48,940

 
2,056

 
2,559

 

 
(14,914
)
 
 
$
202,648

 
$
7,199

 
$
12,013

 
$
2,599

 
$
(44,131
)
Weighted average remaining amortization periods as of March 31, 2016 (in years)
 
6.7

 
7.2

 
6.1

 
4.7

 
7.7