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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Significant Accounting Policies

Schedule of estimated useful lives of real estate assets

Category		Years
Commercial buildings		39
Building improvements		15-39
Fixtures and equipment		3-7

Schedule of estimated annual amortization expense for succeeding five years for acquired in-place lease and above-market leases

(in thousands)		December 31,
2013		$	24,084
2014		22,568
2015		20,689
2016		16,031
2017		11,190
2018 and thereafter		17,420

Schedule of estimated annual amortization for unfavorable leases

The estimated annual amortization for the five years and thereafter succeeding December 31, 2012 is as follows:

(in thousands)
2013		$	1,863
2014		1,722
2015		1,614
2016		1,136
2017		801
2018 and thereafter		1,174

Schedule of estimated annual amortization for deferred leasing commissions

The estimated annual amortization for the five years and thereafter following December 31, 2012 is as follows:

(in thousands)
2013		$	4,080
2014		3,967
2015		3,571
2016		3,171
2017		2,286
2018 and thereafter		6,301

Summary of rental revenue

		Year Ended
		December 31,
(in thousands)		2012			2011			2010
Income from leases		$	117,462		$	98,308		$	86,320
Reimbursable expenses		29,847			26,006			24,505
Straight-line rent adjustment		4,418			9,877			3,940
Amortization of favorable and unfavorable leases		(71		)	47			(1,491		)
		$	151,656		$	134,238		$	113,274

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Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

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-Name Accounting Principles Board Opinion (APB)

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