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Intangible Assets and Below Market Lease Liabilities
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Below Market Lease Liabilities
Intangible Assets and Below Market Lease Liabilities
 
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:
 
 
June 30,
2016
 
December 31,
2015
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
346,294

 
$
346,937

Less accumulated amortization
(129,252
)
 
(115,172
)
 
$
217,042

 
$
231,765

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
63,400

 
$
63,830

Less accumulated amortization
(22,057
)
 
(17,927
)
 
$
41,343

 
$
45,903


The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
11,731

 
$
9,888

 
$
23,066

 
$
19,889

Amortization of lease incentives (in rental and other revenues)
$
390

 
$
412

 
$
1,101

 
$
763

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
972

 
$
1,189

 
$
2,003

 
$
2,355

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
139

 
$
139

 
$
277

 
$
276

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(2,788
)
 
$
(1,674
)
 
$
(4,560
)
 
$
(3,406
)

5.    Intangible Assets and Below Market Lease Liabilities - Continued

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)
July 1 through December 31, 2016
 
$
22,822

 
$
680

 
$
1,848

 
$
276

 
$
(3,520
)
2017
 
39,636

 
1,306

 
2,639

 
553

 
(6,207
)
2018
 
32,768

 
1,203

 
1,704

 
553

 
(6,014
)
2019
 
27,057

 
993

 
1,304

 
553

 
(5,524
)
2020
 
22,465

 
756

 
988

 
525

 
(5,196
)
Thereafter
 
51,660

 
2,193

 
2,560

 

 
(14,882
)
 
 
$
196,408

 
$
7,131

 
$
11,043

 
$
2,460

 
$
(41,343
)
Weighted average remaining amortization periods as of June 30, 2016 (in years)
 
6.6

 
7.2

 
6.2

 
4.5

 
7.6