Intangible Assets and Below Market Lease Liabilities

3 Months Ended

Mar. 31, 2017

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:

	March 31, 2017			December 31, 2016
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$	352,289		$	353,581
Less accumulated amortization	(142,148		)	(140,081		)
	$	210,141		$	213,500
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	61,049		$	61,221
Less accumulated amortization	(24,482		)	(23,074		)
	$	36,567		$	38,147

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

	Three Months Ended March 31,
	2017			2016
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	10,619		$	11,335
Amortization of lease incentives (in rental and other revenues)	$	397		$	711
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	1,036		$	1,031
Amortization of acquisition-related intangible assets (in rental property and other expenses)	$	137		$	138
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(1,580	)	$	(1,772	)

4.    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)
April 1 through December 31, 2017	$	31,933	$	1,155	$	1,815	$	412	$	(4,665	)
2018	35,918		1,432		1,680		553		(5,962		)
2019	30,251		1,214		1,286		553		(5,492		)
2020	25,543		936		967		525		(5,180		)
2021	21,315		729		647		—		(4,409		)
Thereafter	46,614		2,778		1,885		—		(10,859		)
	$	191,574	$	8,244	$	8,280	$	2,043	$	(36,567	)
Weighted average remaining amortization periods as of March 31, 2017 (in years)	6.7		8.2		6.4		3.7		7.1