Acquired Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets

	Balance as of
(Amounts in thousands)	September 30, 2020		December 31, 2019
Real Estate Intangibles:
Customer relationship value:
Gross amount (1)	$	2,938,308	$	1,845,949
Accumulated amortization		(526,657)		(400,570)
Net	$	2,411,651	$	1,445,379
Acquired in-place lease value:
Gross amount	$	1,375,003	$	1,357,190
Accumulated amortization		(976,121)		(899,071)
Net	$	398,882	$	458,119
Acquired above-market leases:
Gross amount	$	278,094	$	279,048
Accumulated amortization		(228,014)		(204,233)
Net	$	50,080	$	74,815
Acquired below-market leases:
Gross amount	$	398,870	$	396,509
Accumulated amortization		(263,606)		(247,735)
Net	$	135,264	$	148,774

(1) Balance as of September 30, 2020 includes amounts from Interxion Combination (see Note 3).

Schedule of Estimated Annual Amortization of Below Market Leases

(Amounts in thousands)
Remainder of 2020	$	(1,783)
2021		(3,347)
2022		4,880
2023		9,645
2024		10,297
Thereafter		65,492
Total	$	85,184

Schedule of Estimated Annual Amortization of Customer Relationship Value

(Amounts in thousands)
Remainder of 2020	$	43,850
2021		174,593
2022		173,822
2023		173,153
2024		172,573
Thereafter		1,673,660
Total	$	2,411,651

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

(Amounts in thousands)
Remainder of 2020	$	22,209
2021		79,472
2022		59,787
2023		48,632
2024		41,448
Thereafter		147,334
Total	$	398,882