Acquired Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets and Liabilities

	Balance as of
	September 30, 2024						December 31, 2023
(Amounts in thousands)		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationship value	$	2,926,388	$	(1,068,137)	$	1,858,251	$	2,926,808	$	(952,943)	$	1,973,865
Acquired in-place lease value		1,080,649		(871,818)		208,831		1,089,743		(859,167)		230,576
Other		126,624		(37,654)		88,970		108,744		(33,483)		75,261
Acquired above-market leases		136,757		(131,780)		4,977		153,205		(150,344)		2,861
Acquired below-market leases		(266,513)		225,398		(41,115)		(273,951)		226,840		(47,111)

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
2024	$	45,679	$	15,486	$	743	$	310	$	(1,568)
2025		178,648		56,363		2,970		1,242		(6,242)
2026		178,011		55,202		2,970		1,124		(5,441)
2027		177,619		45,304		2,970		988		(4,796)
2028		155,174		24,631		2,989		986		(4,591)
Thereafter		1,123,120		11,845		7,330		327		(18,477)
Total	$	1,858,251	$	208,831	$	19,972	$	4,977	$	(41,115)

(1) Excludes power grid rights in the amount of approximately $69.0 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.