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Note 2 - Real Estate
 12 Months Ended
Dec. 31, 2013
Real Estate [Abstract]  
Real Estate Disclosure [Text Block]

2.   Real Estate:


The Company’s components of Rental property consist of the following (in thousands):


   

December 31,

 
   

2013

   

2012

 

Land

  $ 1,989,830     $ 1,927,800  

Undeveloped land

    82,269       96,500  

Buildings and improvements:

               

Buildings

    4,572,740       4,607,931  

Building improvements

    1,168,959       1,091,810  

Tenant improvements

    725,570       708,626  

Fixtures and leasehold improvements

    61,015       59,690  

Other rental property (1)

    425,143       357,667  
      9,025,526       8,850,024  

Accumulated depreciation and amortization

    (1,878,681 )     (1,745,462 )

Total

  $ 7,146,845     $ 7,104,562  

(1)  At December 31, 2013 and 2012, Other rental property (net of accumulated amortization of $252.8 million and $212.9 million, respectively), consisted of intangible assets including (i) $290,838 and $237,166, respectively, of in-place leases, (ii) $21,326 and $21,335, respectively, of tenant relationships, and (iii) $112,979 and $99,166, respectively, of above-market leases.


In addition, at December 31, 2013 and 2012, the Company had intangible liabilities relating to below-market leases from property acquisitions of $181.5 million and $167.2 million, respectively, net of accumulated amortization of $155.7 million and $138.3 million, respectively. These amounts are included in the caption Other liabilities in the Company’s Consolidated Balance Sheets.  


The Company’s amortization associated with the above and below market leases for the years ended December 31, 2013, 2012 and 2011 were net increases to revenue of $11.9 million, $14.9 million and $12.0 million, respectively. The estimated net amortization associated with the Company’s above and below market leases for the next five years are as follows (in millions): 2014, $10.5; 2015, $10.8; 2016, $11.0; 2017, $9.7 and 2018, $7.4.


The Company’s amortization expense associated with leases in place and tenant relationships for the years ended December 31, 2013, 2012 and 2011 was $33.2 million, $30.1 million and $26.9 million, respectively. The estimated net amortization associated with the Company’s these intangible assets for the next five years are as follows (in millions): 2014, $18.6; 2015, $15.3; 2016, $12.4; 2017, $10.1 and 2018, $8.2.