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Acquired Lease Intangibles | 12 Months Ended
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Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Acquired Lease Intangible | Acquired Lease Intangibles The Company had the following acquired lease intangibles:
| December 31,
(in thousands) | 2016 |  | 2015
In-place leases | $ | 96,178 |  |  | 77,691 |
Above-market leases | 14,684 |  |  | 14,841 |
Below-market ground leases | 64,664 |  |  | 58,487 |
Total intangible assets | $ | 175,526 |  |  | 151,019 |
Accumulated amortization | (56,695 | ) |  | (45,639 | )
Acquired lease intangible assets, net | $ | 118,831 |  |  | 105,380 |
Below-market leases | $ | 71,996 |  |  | 53,868 |
Above-market ground leases | 5,722 |  |  | 5,722 |
Accumulated amortization | (23,538 | ) |  | (17,555 | )
Acquired lease intangible liabilities, net | $ | 54,180 |  |  | 42,034 |
The following table provides a summary of amortization and net accretion amounts from acquired lease intangibles:
| Year ended December 31,
(in thousands) | 2016 |  | 2015 |  | 2014
In-place lease amortization | $ | 11,533 |  |  | 9,141 |  |  | 10,365 |
Above-market lease amortization (1) | 1,742 |  |  | 1,950 |  |  | 1,795 |
Below-market ground lease amortization (3) | 1,111 |  |  | 351 |  |  | 23 |
Acquired lease intangible asset amortization | $ | 14,386 |  |  | 11,442 |  |  | 12,183 |
Below-market lease amortization (2) | $ | 6,827 |  |  | 3,940 |  |  | 4,437 |
Above-market ground lease amortization (3) | $ | 167 |  |  | 215 |  |  | 153 |
Acquired lease intangible liability amortization | $ | 6,994 |  |  | 4,155 |  |  | 4,590 |
(1) Amounts are recorded as a reduction to minimum rent. (2) Amounts are recorded as an increase to minimum rent. (3) Above and below market ground lease amortization are recorded as offsets to other operating expenses. The estimated aggregate amortization and net accretion amounts from acquired lease intangibles for the next five years are as follows:
(in thousands) |  |  |
In Process Year Ending December 31, | Amortization Expense |  | Net Accretion
2017 | $ | 12,073 |  |  | 6,834 |
2018 | 10,300 |  |  | 6,339 |
2019 | 8,945 |  |  | 5,919 |
2020 | 7,023 |  |  | 4,829 |
2021 | 6,081 |  |  | 4,509 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 + Details
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