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Intangible Leases and Goodwill (Tables) | 12 Months Ended
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Dec. 31, 2017
Finite-Lived Intangible Assets, Net [Abstract] |
Schedule of Acquired Intangible Assets and Liabilities | Acquired intangible assets and liabilities consisted of the following as of December 31, 2017 and 2016 (in thousands):
| 2017 |  | 2016
| Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Management contracts | $ | 58,000 |  |  | $ | (2,900 | ) |  | $ | — |  |  | $ | — |
Acquired in-place leases | 313,432 |  |  | (123,314 | ) |  | 212,916 |  |  | (92,347 | )
Acquired above-market leases | 53,524 |  |  | (24,631 | ) |  | 42,009 |  |  | (19,443 | )
Below-market lease liabilities | (118,012 | ) |  | 27,388 |  |  | (63,287 | ) |  | 20,255 |
Finite-lived Intangible Assets Amortization Expense | Summarized below is the amortization recorded on the intangible assets and liabilities for the years ended December 31, 2017, 2016, and 2015 (in thousands):
| 2017 |  | 2016 |  | 2015
Management contracts | $ | 2,900 |  |  | $ | — |  |  | $ | — |
Acquired in-place leases | 30,966 |  |  | 28,812 |  |  | 29,970 |
Acquired above-market leases | 5,188 |  |  | 5,228 |  |  | 5,819 |
Acquired below-market leases | (7,133 | ) |  | (6,436 | ) |  | (6,640 | )
Total | $ | 31,921 |  |  | $ | 27,604 |  |  | $ | 29,149 |
Schedule of Acquired Intangible Assets, Future Amortization Expense | Estimated future amortization of the respective acquired intangible assets and liabilities as of December 31, 2017, for each of the next five years is as follow (in thousands):
| Management Contracts |  | In-Place Leases |  | Above-Market Leases |  | Below-Market Leases
2018 | $ | 11,600 |  |  | $ | 35,572 |  |  | $ | 5,883 |  |  | $ | (9,801 | )
2019 | 11,600 |  |  | 30,270 |  |  | 5,145 |  |  | (8,959 | )
2020 | 11,600 |  |  | 24,794 |  |  | 4,583 |  |  | (8,389 | )
2021 | 11,600 |  |  | 20,086 |  |  | 3,715 |  |  | (7,644 | )
2022 | 8,700 |  |  | 16,778 |  |  | 2,761 |  |  | (6,925 | )

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived 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 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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