Acquired Intangible Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets and Liabilities

	Balance as of
	June 30, 2022						December 31, 2021
(Amounts in thousands)		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationship value	$	2,735,560	$	(789,285)	$	1,946,275	$	2,838,842	$	(721,983)	$	2,116,859
Acquired in-place lease value		1,267,777		(1,016,192)		251,585		1,278,012		(995,883)		282,129
Other		94,121		(20,059)		74,062		101,869		(14,688)		87,181
Acquired above-market leases		265,367		(250,626)		14,741		268,724		(247,135)		21,589
Acquired below-market leases		(347,781)		252,627		(95,154)		(351,052)		247,877		(103,175)

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

(Amounts in thousands)		Customer relationship value		Acquired in-place lease value		Other (1)		Acquired above-market leases		Acquired below-market leases
Remainder of 2022	$	81,641	$	24,499	$	4,560	$	4,363	$	(6,683)
2023		162,614		43,327		3,021		4,758		(12,507)
2024		162,034		37,709		1,677		2,584		(11,214)
2025		161,532		34,679		1,638		1,452		(10,225)
2026		161,097		30,619		1,442		684		(8,663)
Thereafter		1,217,357		80,752		19,941		900		(45,862)
Total	$	1,946,275	$	251,585	$	32,279	$	14,741	$	(95,154)

(1) Excludes power grid rights in the amount of approximately $41.8 million that are currently not being amortized. Amortization of these assets will begin once the data centers associated with the power grid rights are placed into service.