XML 65 R14.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Intangible Assets and Liabilities | 6 Months Ended
--- | ---
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND LIABILITIES | INTANGIBLE ASSETS AND LIABILITIES As of June 30, 2015 and December 31, 2014, the Company’s intangible assets/liabilities were comprised of the following (in thousands):
| June 30, 2015
| Total Cost |  | Accumulated Amortization |  | Intangible assets/liabilities, net
Intangible assets, net: |  |  |  |  |
In-place lease value | $ | 176,041 |  |  | $ | (48,435 | ) |  | $ | 127,606 |
Tenant relationship value | 30,203 |  |  | (24,339 | ) |  | 5,864 |
Above market leases acquired | 5,510 |  |  | (1,690 | ) |  | 3,820 |
Total intangible assets, net | $ | 211,754 |  |  | $ | (74,464 | ) |  | $ | 137,290 |
Acquired lease intangibles, net: |  |  |  |  |
Below market leases acquired | $ | 60,963 |  |  | $ | (29,398 | ) |  | $ | 31,565 |
| December 31, 2014
| Total Cost |  | Accumulated Amortization |  | Intangible assets/liabilities, net
Intangible assets, net: |  |  |  |  |
In-place lease value | $ | 129,411 |  |  | $ | (42,068 | ) |  | $ | 87,343 |
Tenant relationship value | 34,172 |  |  | (26,344 | ) |  | 7,828 |
Above market leases acquired | 5,641 |  |  | (1,409 | ) |  | 4,232 |
Total intangible assets, net | $ | 169,224 |  |  | $ | (69,821 | ) |  | $ | 99,403 |
Acquired lease intangibles, net: |  |  |  |  |
Below market leases acquired | $ | 53,049 |  |  | $ | (27,039 | ) |  | $ | 26,010 |
As of June 30, 2015, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no prospective early lease terminations):
| Assets |  | Liabilities
2015 (six months remaining) | $ | 25,005 |  |  | $ | 5,693 |
2016 | 36,642 |  |  | 7,595 |
2017 | 19,815 |  |  | 3,461 |
2018 | 12,585 |  |  | 2,217 |
2019 | 11,286 |  |  | 1,885 |
Thereafter | 31,957 |  |  | 10,714 |
Total | $ | 137,290 |  |  | $ | 31,565 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: 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 3: 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 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration