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Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2017
Intangibles |
Schedule of intangible lease assets | The following table summarizes the Company’s intangible lease assets (in thousands):
|  | December 31,
Intangible lease assets |  | 2017 |  | 2016
Lease-up intangibles |  | $ | 645,143 |  |  | $ | 719,788 |
Above market tenant lease intangibles |  | 105,663 |  |  | 147,409 |
Below market ground lease intangibles |  | 44,499 |  |  | 44,500 |
Gross intangible lease assets |  | 795,305 |  |  | 911,697 |
Accumulated depreciation and amortization |  | (385,223 | ) |  | (431,892 | )
Net intangible lease assets |  | $ | 410,082 |  |  | $ | 479,805 |
Schedule of intangible lease liabilities | The following table summarizes the Company’s intangible lease liabilities (in thousands):
|  | December 31,
Intangible lease liabilities |  | 2017 |  | 2016
Below market lease intangibles |  | $ | 123,883 |  |  | $ | 161,595 |
Above market ground lease intangibles |  | 2,329 |  |  | 2,329 |
Gross intangible lease liabilities |  | 126,212 |  |  | 163,924 |
Accumulated depreciation and amortization |  | (73,633 | ) |  | (105,779 | )
Net intangible lease liabilities |  | $ | 52,579 |  |  | $ | 58,145 |
Schedule of amortization of deferred lease costs and acquisition related intangibles | The following table sets forth amortization related to deferred leasing costs and acquisition-related intangibles for the years ended December 31, 2017, 2016 and 2015 (in thousands):
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
Depreciation and amortization expense related to amortization of lease-up intangibles |  | $ | 76,732 |  |  | $ | 84,487 |  |  | $ | 74,978 |
Rental and related revenues related to amortization of net below market lease liabilities |  | 2,030 |  |  | 3,877 |  |  | 3,781 |
Operating expense related to amortization of net below market ground lease intangibles |  | 740 |  |  | 664 |  |  | 664 |
Estimated aggregate amortization of intangible assets and liabilities for each of the five succeeding fiscal years and thereafter | The following table summarizes the estimated annual amortization for each of the five succeeding fiscal years and thereafter (in thousands):
| Rental and Related Revenues(1) |  | Operating Expense(2) |  | Depreciation and Amortization(3)
2018 | $ | 4,099 |  |  | $ | 763 |  |  | $ | 66,651 |
2019 | 4,102 |  |  | 763 |  |  | 49,868 |
2020 | 3,418 |  |  | 759 |  |  | 40,151 |
2021 | 3,401 |  |  | 756 |  |  | 35,963 |
2022 | 4,199 |  |  | 756 |  |  | 30,490 |
Thereafter | 17,133 |  |  | 31,782 |  |  | 135,153 |
| $ | 36,352 |  |  | $ | 35,579 |  |  | $ | 358,276 |
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(1) | The amortization of net below market lease intangibles is recorded as an increase to rental and related income.
(2) | The amortization of net below market ground lease intangibles is recorded as an increase to operating expense.
(3) | The amortization of lease-up intangibles is recorded to depreciation and amortization expense.

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