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Lease Intangibles (Tables) | 6 Months Ended
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Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | Intangible assets and liabilities are summarized as follows (in thousands):
| June 30, 2017 |  | December 31, 2016
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizable Intangible Assets |  |  |  |  |  |  |  |  |  |  |
In-place lease intangible assets | $ | 174,113 |  |  | $ | (60,712 | ) |  | $ | 113,401 |  |  | $ | 156,420 |  |  | $ | (47,827 | ) |  | $ | 108,593 |
Above-market rent | 17,328 |  |  | (11,727 | ) |  | 5,601 |  |  | 16,649 |  |  | (10,658 | ) |  | 5,991 |
| $ | 191,441 |  |  | $ | (72,439 | ) |  | $ | 119,002 |  |  | $ | 173,069 |  |  | $ | (58,485 | ) |  | $ | 114,584 |
Amortizable Intangible Liabilities |  |  |  |  |  |  |  |  |  |  |
Below-market rent | $ | (141,157 | ) |  | $ | 37,844 |  |  | $ | (103,313 | ) |  | $ | (137,032 | ) |  | $ | 32,004 |  |  | $ | (105,028 | )
Above-market ground lease | (672 | ) |  | 5 |  |  | (667 | ) |  | — |  |  | — |  |  | — |
| $ | (141,829 | ) |  | $ | 37,849 |  |  | $ | (103,980 | ) |  | $ | (137,032 | ) |  | $ | 32,004 |  |  | $ | (105,028 | )
Schedule of Amortization of Acquired Lease Intangible Assets and Liabilities | The scheduled amortization of acquired lease intangible assets and assumed liabilities as of June 30, 2017 is as follows (in thousands):
Years Ending December 31, |  | Net Increase in Lease Revenues |  | Increase to Amortization |  | Reduction of Rent Expense |  | Net Expense
2017 (Remainder) |  | $ | 9,492 |  |  | $ | (25,081 | ) |  | $ | 58 |  |  | $ | (15,531 | )
2018 |  | 9,607 |  |  | (18,466 | ) |  | 58 |  |  | (8,801 | )
2019 |  | 9,093 |  |  | (14,273 | ) |  | 58 |  |  | (5,122 | )
2020 |  | 7,708 |  |  | (11,760 | ) |  | 58 |  |  | (3,994 | )
2021 |  | 7,012 |  |  | (9,304 | ) |  | 58 |  |  | (2,234 | )
Thereafter |  | 54,800 |  |  | (34,517 | ) |  | 377 |  |  | 20,660 |
Total |  | $ | 97,712 |  |  | $ | (113,401 | ) |  | $ | 667 |  |  | $ | (15,022 | )

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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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