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Deferred Leasing Costs and Lease Intangibles, net | 12 Months Ended
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Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract] |
Deferred Leasing Costs and Lease Intangibles, net | Deferred Leasing Costs and Lease Intangibles, net The following summarizes our deferred leasing costs and lease intangibles as of:
| December 31, 2014 |  | December 31, 2013
Above-market leases | $ | 10,891 |  |  | $ | 14,869 |
Leases in place | 60,130 |  |  | 83,793 |
Below-market ground leases | 7,513 |  |  | 7,513 |
Other lease intangibles | 26,731 |  |  | 35,651 |
Lease buy-out costs | 4,597 |  |  | 3,107 |
Deferred leasing costs | 38,912 |  |  | 28,270 |
| $ | 148,774 |  |  | $ | 173,203 |
Accumulated amortization | (46,751 | ) |  | (64,801 | )
Deferred leasing costs and lease intangibles, net | $ | 102,023 |  |  | $ | 108,402 |
Below-market leases | 57,420 |  |  | 67,284 |
Accumulated accretion | (16,451 | ) |  | (22,100 | )
Below-market leases, net | $ | 40,969 |  |  | $ | 45,184 |
During the years ended December 31, 2014, 2013 and 2012, the Company recognized $20.9 million, $24.4 million, and $19.8 million, respectively, of amortization expense related to lease costs and in-place leases, and amortized $2.0 million, $2.5 million, and $3.8 million respectively, of above-market leases against rental revenue. As of December 31, 2014 and 2013, the weighted-average amortization period for lease intangibles was 6.17 years and 7.78 years, respectively. As of December 31, 2014, the estimated aggregate amortization of deferred leasing costs and lease intangible assets, net for each of the next five years and thereafter are as follows:
Year ended | Deferred leasing costs and lease intangibles, net
2015 | $ | 19,096 |
2016 | 17,289 |
2017 | 14,087 |
2018 | 12,334 |
2019 | 10,976 |
Thereafter | 28,241 |
| $ | 102,023 |
During the years ended December 31, 2014, 2013 and 2012, the Company amortized $7.7 million, $8.6 million, and $7.3 million, respectively of below-market leases in rental revenue. As of December 31, 2014 and 2013, the weighted-average amortization period for below-market leases was 6.54 years and 7.23 years, respectively. As of December 31, 2014 the estimated amortization of below-market leases, net for each of the next five years and thereafter are as follows:
Year ended | Below Market Lease
2015 | $ | 7,158 |
2016 | 6,798 |
2017 | 6,334 |
2018 | 5,609 |
2019 | 5,311 |
Thereafter | 9,759 |
| $ | 40,969 |

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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 2 -URI http://asc.fasb.org/extlink&oid=26713463&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 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 3: 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 + Details
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