Annual report pursuant to Section 13 and 15(d)

Deferred Charges (Tables)

v3.6.0.2
Deferred Charges (Tables)
12 Months Ended
Dec. 31, 2016
Deferred Costs [Abstract]  
Schedule of Deferred Charges
Deferred lease costs and other intangibles, net as of December 31, 2016 and 2015 consist of the following (in thousands):
 
 
2016
 
2015
Deferred lease costs
 
$
76,733

 
$
70,379

Intangible assets:
 
 
 
 
Above market leases
 
57,077

 
43,340

Lease in place value
 
77,858

 
68,194

Tenant relationships
 
52,925

 
55,538

Other intangibles
 
52,346

 
42,614

 
 
316,939

 
280,065

Accumulated amortization
 
(165,360
)
 
(152,976
)
Deferred lease costs and other intangibles, net
 
$
151,579

 
$
127,089

Schedule of Expected Amortization Expense
Estimated aggregate amortization of net above and below market leases and other intangibles for each of the five succeeding years is as follows (in thousands):
Year
 
Above/below market leases, net (1)
 
Deferred lease costs and other intangibles (2)
2017
 
$
2,566

 
$
11,462

2018
 
2,358

 
9,882

2019
 
876

 
7,678

2020
 
406

 
6,567

2021
 
243

 
5,747

Total
 
$
6,449

 
$
41,336


(1)
These amounts are recorded as a reduction of base rentals.
(2)
These amounts are recorded as an increase in depreciation and amortization.