Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets on Real Estate Acquisition, Net (Tables)

v3.3.0.814
Intangible Assets on Real Estate Acquisition, Net (Tables)
9 Months Ended
Sep. 30, 2015
Intangible Assets on Real Estate Acquisitions [Abstract]  
Schedule of intangible assets on real estate acquisitions
Intangible assets on real estate acquisitions consisted of the following, excluding amounts for properties held for sale (in thousands):
 
 
September 30, 2015
 
December 31, 2014
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
 Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Carrying Amount
In-place lease value
 
$
138,410

 
$
87,667

 
$
50,743

 
$
123,759

 
$
101,040

 
$
22,719

Tenant relationship value
 
63,117

 
22,525

 
40,592

 
42,301

 
28,492

 
13,809

Below-market cost arrangements
 
15,102

 
6,505

 
8,597

 
12,415

 
5,984

 
6,431

Above-market leases
 
13,844

 
7,987

 
5,857

 
8,659

 
8,159

 
500

Market concentration premium
 
1,333

 
948

 
385

 
1,333

 
938

 
395

 
 
$
231,806

 
$
125,632

 
$
106,174

 
$
188,467

 
$
144,613

 
$
43,854