Annual report pursuant to Section 13 and 15(d)

Intangible Assets on Real Estate Acquisitions (Tables)

v2.4.1.9
Intangible Assets on Real Estate Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Intangible Assets on Real Estate Acquisitions  
Schedule of intangible assets on real estate acquisitions
Intangible assets on real estate acquisitions consisted of the following (in thousands):
 
 
December 31, 2014
 
December 31, 2013
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
 Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Carrying Amount
In-place lease value
 
$
123,759

 
$
101,040

 
$
22,719

 
$
125,504

 
$
93,885

 
$
31,619

Tenant relationship value
 
42,301

 
28,492

 
13,809

 
44,414

 
25,962

 
18,452

Below-market cost arrangements
 
12,415

 
5,984

 
6,431

 
12,416

 
5,136

 
7,280

Above-market leases
 
8,659

 
8,159

 
500

 
8,925

 
7,970

 
955

Market concentration premium
 
1,333

 
938

 
395

 
1,333

 
381

 
952

 
 
$
188,467

 
$
144,613

 
$
43,854

 
$
192,592

 
$
133,334

 
$
59,258