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ACQUIRED LEASE INTANGIBLES
12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Lease Intangibles
Acquired Lease Intangibles
Upon acquisitions of real estate, the Company assesses the fair value of acquired assets (including land, buildings and improvements, and identified intangibles such as above and below market leases, acquired in-place leases and customer relationships) and acquired liabilities in accordance with ASC Topic 805. The intangibles are amortized over the remaining non-cancelable terms of the respective leases.
The scheduled amortization of acquired lease intangible assets and liabilities as of December 31, 2011 is as follows:
(dollars in thousands)
 
Acquired lease intangible
 
 
Assets
 
Liabilities
2012
 
$
3,695

 
$
1,112

2013
 
3,083

 
895

2014
 
2,688

 
587

2015
 
2,550

 
419

2016
 
2,387

 
395

Thereafter
 
12,318

 
2,054

Total
 
$
26,721

 
$
5,462