Annual report pursuant to Section 13 and 15(d)

Accounting Policies (Tables)

v2.4.1.9
Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014 were as follows (in thousands):
 
Year Ended December 31,
 
2014
 
2013
 
2012
Total interest expense from continuing operations
$
61,927

 
$
64,809

 
$
62,315

Capitalized interest
2,142

 
1,236

 
1,688

Interest expense from continuing operations, net of capitalized interest
$
59,785

 
$
63,573

 
$
60,627

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, 2014 and 2013 were as follows (in thousands):
 
December 31,
 
2014
 
2013
 
Gross Carrying Value
 
Accumulated Amortization
 
Net
 
Gross Carrying Value
 
Accumulated Amortization
 
Net
Tenant origination costs
$
56,327

 
$
35,463

 
$
20,864

 
$
47,697

 
$
29,653

 
$
18,044

Leasing commissions/absorption costs
93,729

 
60,289

 
33,440

 
78,629

 
48,376

 
30,253

Net lease intangible assets
19,724

 
9,495

 
10,229

 
12,495

 
7,008

 
5,487

Net lease intangible liabilities
34,027

 
20,974

 
13,053

 
26,348

 
19,403

 
6,945

Below-market ground lease intangible asset
12,080

 
1,335

 
10,745

 
12,080

 
1,145

 
10,935

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):
2015
$
17,260

2016
13,234

2017
9,465

2018
5,844

2019
3,358