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Real Estate Acquired (Tables)
 12 Months Ended
Dec. 31, 2015
Real Estate [Abstract]  
Allocation of Purchase Prices to Acquired Assets and Liabilities
The purchase prices were allocated to the assets acquired and liabilities assumed based on their fair value as shown in the following table.
(in thousands)
1580
Rockville Pike
 
1582
Rockville Pike
 
750 N.
Glebe Road
 
730 N.
Glebe Road
 
1584
Rockville Pike
 
Total
Land
$
9,600

 
$
9,742

 
$
38,224

 
$
2,683

 
$
5,798

 
$
66,047

Buildings
2,200

 
828

 
1,327

 
78

 
440

 
4,873

In-place Leases
513

 
849

 
449

 
39

 
249

 
2,099

Above Market Rent
—

 
—

 
—

 
—

 
—

 
—

Below Market Rent
(4,313
)
 
(419
)
 
—

 
—

 
(337
)
 
(5,069
)
Total Purchase Price
$
8,000

 
$
11,000

 
$
40,000

 
$
2,800

 
$
6,150

 
$
67,950

 
 
 
 
 
 
 
 
 
 
 
 
Amortization of Intangible Assets and Deferred Income Related to in Place Leases
As of December 31, 2015, scheduled amortization of intangible assets and deferred income related to in place leases is as follows:
(In thousands)
Lease acquisition costs
 
Above market leases
 
Below market leases
2016
$
988

 
$
2

 
$
1,719

2017
796

 
1

 
1,697

2018
737

 
1

 
1,615

2019
550

 
—

 
1,478

2020
417

 
—

 
1,397

Thereafter
1,322

 
—

 
8,236

Total
$
4,810

 
$
4

 
$
16,142