Acquired Intangible Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets and Liabilities

	Balance as of
	December 31, 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	$	3,327,765	$	(888,105)	$	2,439,660	$	2,838,842	$	(721,983)	$	2,116,859
Acquired in-place lease value		1,369,526		(1,041,631)		327,895		1,278,012		(995,883)		282,129
Other		94,829		(26,788)		68,041		101,869		(14,688)		87,181
Acquired above-market leases		264,071		(253,693)		10,378		268,724	$	(247,135)		21,589
Acquired below-market leases		(344,256)		255,821		(88,435)		(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
2023	$	199,837	$	65,309	$	4,488	$	4,758	$	(12,496)
2024		199,257		59,705		3,084		2,584		(11,203)
2025		198,755		56,680		3,084		1,452		(10,215)
2026		198,320		52,625		3,084		684		(8,659)
2027		197,943		41,843		3,084		214		(8,010)
Thereafter		1,445,548		51,733		13,818		686		(37,852)
Total	$	2,439,660	$	327,895	$	30,642	$	10,378	$	(88,435)
Remaining Contractual Life (in years)		14.9		5.0				1.8		7.3

(1) Excludes power grid rights in the amount of approximately $37.4 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.