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Real Estate Acquired (Tables) | 12 Months Ended
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Dec. 31, 2016 | Dec. 31, 2014
Real Estate [Abstract] |  |
Allocation of purchase prices to acquired assets and liabilities | The purchase price was allocated to the assets acquired and liabilities assumed based on their fair value as shown in the following table.
(in thousands) | 700 N. Glebe Road |  | Thruway Pad |  | Total
Land | $ | 7,236 |  |  | $ | 2,196 |  |  | $ | 9,432 |
Buildings | — |  |  | 874 |  |  | 874 |
In-place Leases | — |  |  | 93 |  |  | 93 |
Above Market Rent | — |  |  | — |  |  | — |
Below Market Rent | — |  |  | (63 | ) |  | (63 | )
Total Purchase Price | $ | 7,236 |  |  | $ | 3,100 |  |  | $ | 10,336 |
| 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, 2016, 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
2017 | $ | 762 |  |  | $ | 1 |  |  | $ | 1,677 |
2018 | 708 |  |  | 1 |  |  | 1,618 |
2019 | 537 |  |  | — |  |  | 1,481 |
2020 | 419 |  |  | — |  |  | 1,399 |
2021 | 384 |  |  | — |  |  | 1,375 |
Thereafter | 840 |  |  | — |  |  | 6,887 |
Total | $ | 3,650 |  |  | $ | 2 |  |  | $ | 14,437 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + 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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