Acquired Intangible Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets

	Balance as of
(Amounts in thousands)	December 31, 2019		December 31, 2018
Real Estate Intangibles:
Acquired in-place lease value:
Gross amount	$	1,357,190	$	1,569,401
Accumulated amortization		(899,071)		(795,033)
Net	$	458,119	$	774,368
Tenant relationship value:
Gross amount	$	1,845,949	$	2,339,606
Accumulated amortization		(400,570)		(291,818)
Net	$	1,445,379	$	2,047,788
Acquired above-market leases:
Gross amount	$	279,048	$	277,796
Accumulated amortization		(204,233)		(158,037)
Net	$	74,815	$	119,759
Acquired below-market leases:
Gross amount	$	396,509	$	442,535
Accumulated amortization		(247,735)		(242,422)
Net	$	148,774	$	200,113

Schedule of Estimated Annual Amortization of Below Market Leases

(Amounts in thousands)
2020	$	(10,648)
2021		(3,501)
2022		4,735
2023		9,500
2024		10,149
Thereafter		63,724
Total	$	73,959

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

Estimated annual amortization of acquired in-place lease value for each of the five succeeding years and thereafter, commencing January 1, 2020 is as follows:Estimated annual amortization of tenant relationship value for each of the five succeeding years and thereafter, commencing January 1, 2020 is as follows: