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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of intangible assets and liabilities As of March 31, 2022 and December 31, 2021, the Company’s intangible assets and liabilities, including properties held for sale (if any), consisted of the following (dollars in thousands):
 March 31, 2022December 31, 2021
 GrossAccumulated
Amortization
NetGrossAccumulated
Amortization
Net
In-place leases$111,274 $(75,283)$35,991 $110,351 $(72,266)$38,085 
Above-market leases3,775 (3,723)52 3,775 (3,706)69 
Below-market leases(80,803)30,621 (50,182)(78,753)27,728 (51,025)
Total$34,246 $(48,385)$(14,139)$35,373 $(48,244)$(12,871)
Schedule of depreciation and useful lives of real estate and intangible assets The following table reflects the standard depreciable lives typically used to compute depreciation and amortization. However, such depreciable lives may be different based on the estimated useful life of such assets or liabilities.
DescriptionStandard Depreciable Life
LandNot depreciated
Building40 years
Building Improvements
5-40 years
Tenant ImprovementsShorter of lease term or useful life
Leasing CostsLease term
In-place LeasesLease term
Above/Below-Market LeasesLease term
Schedule of cash and cash equivalents and restricted cash The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):
For the Three Months Ended March 31,
20222021
Beginning
Cash and cash equivalents at beginning of period$204,404 $107,180 
Restricted cash397 656 
Cash and cash equivalents and restricted cash204,801 107,836 
Ending
Cash and cash equivalents at end of period106,278 29,377 
Restricted cash3,246 1,028 
Cash and cash equivalents and restricted cash109,524 30,405 
Net decrease in cash and cash equivalents and restricted cash$(95,277)$(77,431)
Schedule of cash and cash equivalents and restricted cash The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):
For the Three Months Ended March 31,
20222021
Beginning
Cash and cash equivalents at beginning of period$204,404 $107,180 
Restricted cash397 656 
Cash and cash equivalents and restricted cash204,801 107,836 
Ending
Cash and cash equivalents at end of period106,278 29,377 
Restricted cash3,246 1,028 
Cash and cash equivalents and restricted cash109,524 30,405 
Net decrease in cash and cash equivalents and restricted cash$(95,277)$(77,431)