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Intangibles | 12 Months Ended
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Dec. 31, 2016
Intangibles |
Intangibles | NOTE 9. Intangibles The following table summarizes the Company’s intangible lease assets (in thousands):
|  | December 31, |
Intangible lease assets |  | 2016 |  | 2015 |
Lease-up intangibles |  | $ | 719,788 |  | $ | 765,861 |
Above market tenant lease intangibles |  |  | 147,409 |  |  | 154,928 |
Below market ground lease intangibles |  |  | 44,500 |  |  | 44,051 |
Gross intangible lease assets |  |  | 911,697 |  |  | 964,840 |
Accumulated depreciation and amortization |  |  | (431,892) |  |  | (378,183) |
Net intangible lease assets |  | $ | 479,805 |  | $ | 586,657 |
The remaining weighted average amortization period of intangible lease assets was 13 years at both December 31, 2016 and 2015. The following table summarizes the Company’s intangible lease liabilities (in thousands):
|  | December 31, |
Intangible lease liabilities |  | 2016 |  | 2015 |
Below market lease intangibles |  | $ | 161,595 |  | $ | 149,762 |
Above market ground lease intangibles |  |  | 2,329 |  |  | 6,121 |
Gross intangible lease liabilities |  |  | 163,924 |  |  | 155,883 |
Accumulated depreciation and amortization |  |  | (105,779) |  |  | (99,736) |
Net intangible lease liabilities |  | $ | 58,145 |  | $ | 56,147 |
The remaining weighted average amortization period of intangible lease liabilities was 11 and 10 years at December 31, 2016 and 2015, respectively. For the years ended December 31, 2016, 2015 and 2014, rental income includes additional revenues of $4 million, $4 million and $3 million, respectively, from the amortization of net below market lease intangibles. For the years ended December 31, 2016, 2015 and 2014, operating expenses include additional expense of $1 million each year from the amortization of net below market ground lease intangibles. For the years ended December 31, 2016, 2015 and 2014, depreciation and amortization expense includes additional expense of $85 million, $76 million and $60 million, respectively, from the amortization of lease-up and non-compete agreement intangibles. The following table summarizes the estimated aggregate amortization of intangible assets and liabilities for each of the five succeeding fiscal years and thereafter (in thousands):
|  | Intangible |  | Intangible |
|  | Assets |  | Liabilities |
2017 |  | $ | 86,113 |  | $ | 11,686 |
2018 |  |  | 69,805 |  |  | 9,018 |
2019 |  |  | 51,710 |  |  | 6,558 |
2020 |  |  | 43,763 |  |  | 5,142 |
2021 |  |  | 37,255 |  |  | 3,636 |
Thereafter |  |  | 191,159 |  |  | 22,105 |
|  | $ | 479,805 |  | $ | 58,145 |

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