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OTHER INTANGIBLE ASSETS (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014
Intangible assets and liabilities |  |  |  |  |
Amortization expenses | $ 17,566,000 | $ 17,286,000 | $ 36,694,000 | $ 33,915,000 |
Intangible liabilities |  |  |  |  |
Net | (7,347,000) |  | (7,347,000) |  | $ (8,657,000)
Future accretion of acquisition related intangible liabilities |  |  |  |  |
Net | (7,347,000) |  | (7,347,000) |  | (8,657,000)
Acquired Below-Market Leases |  |  |  |  |
Intangible assets and liabilities |  |  |  |  |
Amortization expenses | 655,000 | 697,000 | 1,310,000 | 1,345,000 |
Intangible liabilities |  |  |  |  |
Gross balance | (19,750,000) |  | (19,750,000) |  | (20,333,000)
Accumulated amortization | 12,403,000 |  | 12,403,000 |  | 11,676,000
Net | (7,347,000) |  | $ (7,347,000) |  | $ (8,657,000)
Average useful life |  |  | 8 years |  | 8 years
Future accretion of acquisition related intangible liabilities |  |  |  |  |
2015 (Six months ending December 31, 2015) | (1,259,000) |  | $ (1,259,000) |  |
2016 | (2,502,000) |  | (2,502,000) |  |
2017 | (2,399,000) |  | (2,399,000) |  |
2018 | (963,000) |  | (963,000) |  |
2019 | (224,000) |  | (224,000) |  |
Net | (7,347,000) |  | (7,347,000) |  | $ (8,657,000)
Acquired Above-Market Leases |  |  |  |  |
Intangible assets and liabilities |  |  |  |  |
Amortization expenses | 79,000 | 98,000 | 158,000 | 435,000 |
Intangible assets |  |  |  |  |
Gross balance | 1,072,000 |  | 1,072,000 |  | 2,402,000
Accumulated amortization | (867,000) |  | (867,000) |  | (2,039,000)
Net | 205,000 |  | $ 205,000 |  | $ 363,000
Average useful life |  |  | 6 years |  | 7 years
Future amortization of acquisition related intangible assets |  |  |  |  |
2015 (Six months ending December 31, 2015) | 83,000 |  | $ 83,000 |  |
2016 | 88,000 |  | 88,000 |  |
2017 | 26,000 |  | 26,000 |  |
2018 | 8,000 |  | 8,000 |  |
Net | 205,000 |  | 205,000 |  | $ 363,000
Acquired In-Place Leases |  |  |  |  |
Intangible assets and liabilities |  |  |  |  |
Amortization expenses | 519,000 | 587,000 | 1,048,000 | 1,199,000 |
Intangible assets |  |  |  |  |
Gross balance | 21,431,000 |  | 21,431,000 |  | 22,680,000
Accumulated amortization | (16,269,000) |  | (16,269,000) |  | (16,470,000)
Net | 5,162,000 |  | $ 5,162,000 |  | $ 6,210,000
Average useful life |  |  | 8 years |  | 8 years
Future amortization of acquisition related intangible assets |  |  |  |  |
2015 (Six months ending December 31, 2015) | 793,000 |  | $ 793,000 |  |
2016 | 1,346,000 |  | 1,346,000 |  |
2017 | 915,000 |  | 915,000 |  |
2018 | 666,000 |  | 666,000 |  |
2019 | 488,000 |  | 488,000 |  |
Thereafter | 954,000 |  | 954,000 |  |
Net | 5,162,000 |  | 5,162,000 |  | $ 6,210,000
Tax Abatement |  |  |  |  |
Intangible assets and liabilities |  |  |  |  |
Amortization expenses | 138,000 | 138,000 | 276,000 | 276,000 |
Intangible assets |  |  |  |  |
Gross balance | 4,273,000 |  | 4,273,000 |  | 4,273,000
Accumulated amortization | (2,047,000) |  | (2,047,000) |  | (1,771,000)
Net | 2,226,000 |  | $ 2,226,000 |  | $ 2,502,000
Average useful life |  |  | 8 years |  | 8 years
Future amortization of acquisition related intangible assets |  |  |  |  |
2015 (Six months ending December 31, 2015) | 275,000 |  | $ 275,000 |  |
2016 | 551,000 |  | 551,000 |  |
2017 | 551,000 |  | 551,000 |  |
2018 | 551,000 |  | 551,000 |  |
2019 | 298,000 |  | 298,000 |  |
Net | 2,226,000 |  | 2,226,000 |  | $ 2,502,000
Advance Bookings |  |  |  |  |
Intangible assets and liabilities |  |  |  |  |
Amortization expenses | 0 | 67,000 | 0 | 134,000 |
Franchise Affiliation Fee |  |  |  |  |
Intangible assets and liabilities |  |  |  |  |
Amortization expenses | 99,000 | 99,000 | 198,000 | 198,000 |
Intangible assets |  |  |  |  |
Gross balance | 3,936,000 |  | 3,936,000 |  | 3,936,000
Accumulated amortization | (3,179,000) |  | (3,179,000) |  | (2,981,000)
Net | 757,000 |  | $ 757,000 |  | $ 955,000
Average useful life |  |  | 10 years |  | 10 years
Future amortization of acquisition related intangible assets |  |  |  |  |
2015 (Six months ending December 31, 2015) | 196,000 |  | $ 196,000 |  |
2016 | 394,000 |  | 394,000 |  |
2017 | 167,000 |  | 167,000 |  |
Net | 757,000 |  | 757,000 |  | $ 955,000
Acquired Below-Market Ground Lease |  |  |  |  |
Intangible assets and liabilities |  |  |  |  |
Amortization expenses | 35,000 | $ 35,000 | 70,000 | $ 70,000 |
Intangible assets |  |  |  |  |
Gross balance | 11,685,000 |  | 11,685,000 |  | 11,685,000
Accumulated amortization | (1,352,000) |  | (1,352,000) |  | (1,282,000)
Net | 10,333,000 |  | $ 10,333,000 |  | $ 10,403,000
Average useful life |  |  | 84 years |  | 84 years
Future amortization of acquisition related intangible assets |  |  |  |  |
2015 (Six months ending December 31, 2015) | 70,000 |  | $ 70,000 |  |
2016 | 140,000 |  | 140,000 |  |
2017 | 140,000 |  | 140,000 |  |
2018 | 140,000 |  | 140,000 |  |
2019 | 140,000 |  | 140,000 |  |
Thereafter | 9,703,000 |  | 9,703,000 |  |
Net | $ 10,333,000 |  | $ 10,333,000 |  | $ 10,403,000

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