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Investments in Real Estate (Tables)
3 Months Ended
Mar. 31, 2017
Investments in Real Estate  
Schedule of future impact of above-market, below-market and in-place lease intangibles

 

The following table presents the estimated impact during the next five years and thereafter related to the amortization of the acquired above-market and below-market lease intangibles and the amortization of the in-place lease intangibles at March 31, 2017 (in thousands):

 

 

 

Net increase

 

Increase to

 

 

 

(decrease) to

 

amortization

 

 

 

rental revenue

 

expense

 

2017

 

$

(7,724

)

$

75,038

 

2018

 

(10,063

)

97,739

 

2019

 

(9,084

)

87,481

 

2020

 

(8,315

)

81,997

 

2021

 

(7,038

)

73,768

 

Thereafter

 

30,813

 

412,176

 

 

 

 

 

 

 

Totals

 

$

(11,411

)

$

828,199