COPT Defense Properties Annual report pursuant to Section 13 and 15(d)

Intangible Assets on Real Estate Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Intangible assets on real estate acquisitions consisted of the following (in thousands):



	December 31, 2017						December 31, 2016
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
In-place lease value	$	132,276	$	110,814	$	21,462	$	132,647	$	99,940	$	32,707
Tenant relationship value	60,028		32,198		27,830		60,028		26,253		33,775
Below-market cost arrangements	15,102		7,507		7,595		15,102		7,285		7,817
Above-market leases	13,944		12,092		1,852		13,944		10,259		3,685
Other	1,333		980		353		1,333		966		367
	$	222,683	$	163,591	$	59,092	$	223,054	$	144,703	$	78,351