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Intangible Assets | 3 Months Ended
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Mar. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS As of March 31, 2012 and December 31, 2011, the Company’s intangible assets were comprised of the following (in thousands):
| March 31, 2012
| Total Cost |  | Accumulated Amortization |  | Intangible Assets, net
In-place lease value | $ | 88,796 |  |  | $ | (56,520 | ) |  | $ | 32,276 |
Tenant relationship value | 70,712 |  |  | (45,493 | ) |  | 25,219 |
Above market leases acquired | 9,359 |  |  | (2,885 | ) |  | 6,474 |
Total | $ | 168,867 |  |  | $ | (104,898 | ) |  | $ | 63,969 |
Below market leases acquired | $ | 75,550 |  |  | $ | (42,272 | ) |  | $ | 33,278 |
| December 31, 2011
| Total Cost |  | Accumulated Amortization |  | Intangible Assets, net
In-place lease value | $ | 91,426 |  |  | $ | (55,498 | ) |  | $ | 35,928 |
Tenant relationship value | 72,813 |  |  | (45,114 | ) |  | 27,699 |
Above market leases acquired | 12,744 |  |  | (5,856 | ) |  | 6,888 |
Total | $ | 176,983 |  |  | $ | (106,468 | ) |  | $ | 70,515 |
Below market leases acquired | $ | 75,685 |  |  | $ | (40,579 | ) |  | $ | 35,106 |
As of March 31, 2012, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no early lease terminations):
| Assets |  | Liabilities
2012 | $ | 13,970 |  |  | $ | 5,054 |
2013 | 12,414 |  |  | 6,312 |
2014 | 9,587 |  |  | 4,745 |
2015 | 7,193 |  |  | 2,597 |
2016 | 4,561 |  |  | 1,704 |
Thereafter | 16,244 |  |  | 12,866 |
Total | $ | 63,969 |  |  | $ | 33,278 |

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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 3 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: 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=6905858&loc=d3e16323-109275 Reference 4: 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=6905858&loc=d3e16265-109275 + Details
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