Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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


	As of December 31, 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	$	16,780	$	—	$	16,780	$	13,202	$	—	$	13,202
In-place lease intangible assets	94,712		(62,721)		31,991		133,203		(92,540)		40,663
Favorable lease intangible assets	23,746		(8,953)		14,793		24,181		(7,929)		16,252
Total net intangible assets	$	135,238	$	(71,674)	$	63,564	$	170,586	$	(100,469)	$	70,117

Summary of Activity Within Intangible Assets

The following table summarizes the activity within intangible assets for the years ended December 31, 2021 and 2020 (amounts in thousands):


	Domestic Servicing Rights		In-place Lease Intangible Assets		Favorable Lease Intangible Assets		Total
Balance as of January 1, 2020	$	16,917	$	50,910	$	17,873	$	85,700
Amortization	—		(10,077)		(1,621)		(11,698)
Sales	—		(170)		—		(170)

Changes in fair value due to changes in inputs and assumptions	(3,715)		—		—		(3,715)
Balance as of December 31, 2020	$	13,202	$	40,663	$	16,252	$	70,117

Amortization	—		(8,116)		(1,387)		(9,503)

Sales	—		(556)		(72)		(628)
Changes in fair value due to changes in inputs and assumptions	3,578		—		—		3,578
Balance as of December 31, 2021	$	16,780	$	31,991	$	14,793	$	63,564

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):


2022	$	7,618
2023	6,043
2024	4,650
2025	3,775
2026	2,754
Thereafter	21,944
Total	$	46,784