Annual report pursuant to Section 13 and 15(d)

Accounting Policies (Tables)

v2.4.0.8
Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Capitalized Interest Expense
Interest expense from continuing operations and interest capitalized to real estate assets related to development and major renovation activities for the three years ended December 31, 2013 were as follows (in thousands):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Total interest expense from continuing operations
$
64,809

 
$
62,315

 
$
62,140

Capitalized interest
1,236

 
1,688

 
738

Interest expense, net of capitalized interest
$
63,573

 
$
60,627

 
$
61,402

Components of Fair Value of In-Place Leases [Table Text Block]
Balances, net of accumulated depreciation or amortization, as appropriate, of the components of the fair value of in-place leases at December 31, 2013 and 2012 were as follows (in thousands):
 
December 31,
 
2013
 
2012
 
Gross Carrying Value
 
Accumulated Amortization
 
Net
 
Gross Carrying Value
 
Accumulated Amortization
 
Net
Tenant origination costs
$
47,697

 
$
29,653

 
$
18,044

 
$
48,172

 
$
23,719

 
$
24,453

Leasing commissions/absorption costs
78,629

 
48,376

 
30,253

 
78,464

 
37,672

 
40,792

Net lease intangible assets
12,495

 
7,008

 
5,487

 
12,430

 
5,350

 
7,080

Net lease intangible liabilities
26,348

 
19,403

 
6,945

 
26,244

 
17,089

 
9,155

Below-market ground lease intangible asset
12,080

 
1,145

 
10,935

 
12,080

 
956

 
11,124

Components of Fair Value of In-Place Leases Amortization [Table Text Block]
Amortization of these combined components from continuing operations for the three years ended December 31, 2013 was as follows (in thousands):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Amortization
$
17,290

 
$
19,573

 
$
13,704

Components of Fair Value of In-Place Leases - Future Amortization [Table Text Block]
Amortization of these combined components from continuing operations over the next five years is projected to be as follows (in thousands):
2014
$
14,675

2015
11,886

2016
8,957

2017
5,830

2018
3,333