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Real Estate and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2017
Real Estate [Abstract] |
Components of Investments in Real Estate | The following table sets forth the components of our investments in real estate as of March 31, 2017 and December 31, 2016, respectively, excluding real estate held for sale as of March 31, 2017 and December 31, 2016, respectively (dollars in thousands):
|  | March 31, 2017 |  | December 31, 2016
Real estate: |  |  |  |
Land |  | $ | 104,337 |  |  | $ | 104,719 |
Building and improvements |  | 663,262 |  |  | 662,661 |
Tenant improvements |  | 54,322 |  |  | 54,369 |
Accumulated depreciation |  | (138,070 | ) |  | (131,661 | )
Real estate, net |  | $ | 683,851 |  |  | $ | 690,088 |
Summary of Lease on Property | During the three months ended March 31, 2017 and 2016, we executed zero and one lease, respectively, which is aggregated below (dollars in thousands):
Three Months Ended |  | Aggregate Square Footage |  | Weighted Average Lease Term |  | Aggregate Annualized GAAP Rent |  | Aggregate Tenant Improvement |  | Aggregate Leasing Commissions
March 31, 2016 |  | 13,816 |  |  | 7.2 years |  | 70 |  |  | 69 |  |  | 28 |
Carrying Value of Intangible Assets and Accumulated Amortization | The following table summarizes the carrying value of intangible assets, liabilities and the accumulated amortization for each intangible asset and liability class as of March 31, 2017 and December 31, 2016, excluding real estate held for sale as of March 31, 2017 and December 31, 2016, respectively (in thousands):
|  | March 31, 2017 |  | December 31, 2016
|  | Lease Intangibles |  | Accumulated Amortization |  | Lease Intangibles |  | Accumulated Amortization
In-place leases |  | $ | 71,391 |  |  | $ | (29,782 | ) |  | $ | 71,482 |  |  | $ | (28,182 | )
Leasing costs |  | 48,162 |  |  | (19,669 | ) |  | 48,000 |  |  | (18,599 | )
Customer relationships |  | 50,201 |  |  | (18,228 | ) |  | 50,252 |  |  | (17,400 | )
|  | $ | 169,754 |  |  | $ | (67,679 | ) |  | $ | 169,734 |  |  | $ | (64,181 | )
|  | Deferred Rent Receivable/(Liability) |  | Accumulated (Amortization)/Accretion |  | Deferred Rent Receivable/(Liability) |  | Accumulated (Amortization)/Accretion
Above market leases |  | $ | 10,479 |  |  | $ | (7,420 | ) |  | $ | 10,479 |  |  | $ | (7,296 | )
Below market leases and deferred revenue |  | (21,606 | ) |  | 9,290 |  |  | (21,606 | ) |  | 8,959 |
|  | $ | (11,127 | ) |  | $ | 1,870 |  |  | $ | (11,127 | ) |  | $ | 1,663 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + 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=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 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 + Details
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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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