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Intangible Assets and Below Market Lease Liabilities
6 Months Ended
Jun. 30, 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:
 
 
June 30,
2017
 
December 31,
2016
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
353,000

 
$
353,581

Less accumulated amortization
(147,744
)
 
(140,081
)
 
$
205,256

 
$
213,500

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
60,809

 
$
61,221

Less accumulated amortization
(25,834
)
 
(23,074
)
 
$
34,975

 
$
38,147

 
The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
10,133

 
$
11,731

 
$
20,752

 
$
23,066

Amortization of lease incentives (in rental and other revenues)
$
443

 
$
390

 
$
840

 
$
1,101

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
675

 
$
972

 
$
1,711

 
$
2,003

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

 
$
139

 
$
276

 
$
277

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,592
)
 
$
(2,788
)
 
$
(3,172
)
 
$
(4,560
)
 
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)
July 1 through December 31, 2017
 
$
21,126

 
$
810

 
$
1,140

 
$
274

 
$
(3,073
)
2018
 
36,533

 
1,510

 
1,680

 
553

 
(5,962
)
2019
 
30,942

 
1,286

 
1,286

 
553

 
(5,492
)
2020
 
26,160

 
1,011

 
967

 
525

 
(5,180
)
2021
 
21,887

 
797

 
647

 

 
(4,409
)
Thereafter
 
50,280

 
3,404

 
1,885

 

 
(10,859
)
 
 
$
186,928

 
$
8,818

 
$
7,605

 
$
1,905

 
$
(34,975
)
Weighted average remaining amortization periods as of June 30, 2017 (in years)
 
6.7

 
8.7

 
6.4

 
3.5

 
7.0