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Intangible Assets and Below Market Leaes Liabilities
 12 Months Ended
Dec. 31, 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:

 
December 31,
 
2016
 
2015
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
353,581

 
$
346,937

Less accumulated amortization
(140,081
)
 
(115,172
)
 
$
213,500

 
$
231,765

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
61,221

 
$
63,830

Less accumulated amortization
(23,074
)
 
(17,927
)
 
$
38,147

 
$
45,903


The following table sets forth amortization of intangible assets and below market lease liabilities:

 
Year Ended December 31,
 
2016
 
2015
 
2014
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
44,968

 
$
43,332

 
$
38,144

Amortization of lease incentives (in rental and other revenues)
$
1,779

 
$
1,493

 
$
1,419

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
3,851

 
$
5,062

 
$
4,549

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
557

 
$
557

 
$
557

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(8,183
)
 
$
(7,065
)
 
$
(6,129
)

The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

Years Ending December 31,
 
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)
2017
 
$
42,508

 
$
1,478

 
$
2,626

 
$
553

 
$
(6,231
)
2018
 
34,925

 
1,374

 
1,713

 
553

 
(5,966
)
2019
 
29,332

 
1,160

 
1,322

 
553

 
(5,495
)
2020
 
24,727

 
882

 
1,002

 
525

 
(5,183
)
2021
 
20,510

 
678

 
681

 
—

 
(4,411
)
Thereafter
 
42,030

 
2,396

 
1,972

 
—

 
(10,861
)
 
 
$
194,032

 
$
7,968

 
$
9,316

 
$
2,184

 
$
(38,147
)
Weighted average remaining amortization periods as of December 31, 2016 (in years)
 
6.6

 
7.8

 
6.4

 
4.0

 
7.3



5.    Intangible Assets and Below Market Lease Liabilities - Continued

The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2016 acquisition activity:

 
 
Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues)
 
Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
 
Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded at acquisition
 
$
122

 
$
5,008

 
$
(428
)
Weighted average remaining amortization periods as of December 31, 2016 (in years)
 
9.5

 
9.9

 
10.9