Goodwill and Intangibles (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangibles Assets

The following table summarizes our intangible assets, which are comprised of servicing rights intangibles and lease intangibles, as of September 30, 2021 and December 31, 2020 (amounts in thousands):

	As of September 30, 2021						As of December 31, 2020
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Domestic servicing rights, at fair value	$	15,942	$	—	$	15,942	$	13,202	$	—	$	13,202
In-place lease intangible assets	131,418		(97,365)		34,053		133,203		(92,540)		40,663
Favorable lease intangible assets	23,862		(8,735)		15,127		24,181		(7,929)		16,252
Total net intangible assets	$	171,222	$	(106,100)	$	65,122	$	170,586	$	(100,469)	$	70,117

Summary of Activity Within Intangible Assets

The following table summarizes the activity within intangible assets for the nine months ended September 30, 2021 (amounts in thousands):

	Domestic Servicing Rights		In-place Lease Intangible Assets		Favorable Lease Intangible Assets		Total
Balance as of January 1, 2021	$	13,202	$	40,663	$	16,252	$	70,117
Amortization	—		(6,250)		(1,056)		(7,306)
Sales	—		(360)		(69)		(429)
Changes in fair value due to changes in inputs and assumptions	2,740		—		—		2,740
Balance as of September 30, 2021	$	15,942	$	34,053	$	15,127	$	65,122

Schedule of Future Amortization Expense

The following table sets forth the estimated aggregate amortization of our in-place lease intangible assets and favorable lease intangible assets for the next five years and thereafter (amounts in thousands):

2021 (remainder of)	$	2,231
2022	7,783
2023	6,043
2024	4,650
2025	3,775
Thereafter	24,698
Total	$	49,180