Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets and Liabilities

The following tables summarize our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) and the related amortization as of the dates thereof and for the periods set forth below.


	As of
(Amounts in thousands)	September 30, 2024				December 31, 2023
Intangible assets:
Gross amount	$	205,945			$	262,541
Accumulated amortization		(151,820	)			(194,536	)
	$	54,125			$	68,005
Intangible liabilities:
Gross amount	$	125,619			$	136,820
Accumulated amortization		(103,154	)			(108,817	)
	$	22,465			$	28,003


	For the Three Months Ended								For the Nine Months Ended
	September 30,								September 30,
(Amounts in thousands)	2024				2023				2024				2023
Amortization of above and below-market leases, net (component of "rental revenue")	$	1,379			$	1,445			$	4,351			$	3,929
Amortization of acquired in-place leases (component of "depreciation and amortization")		2,970				4,635				12,070				13,706

Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases and In Place Leases

The following table sets forth amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for the three-month period from October 1, 2024 through December 31, 2024, and each of the five succeeding years commencing from January 1, 2025.


(Amounts in thousands)		Above and Below-Market Leases, Net				In-Place Leases
2024		$	1,318			$	3,256
2025			4,350				10,070
2026			2,977				7,190
2027			2,665				6,546
2028			2,584				6,467
2029			2,146				5,810