Schedule of intangible assets and liabilities

As of December 31, 2022 and 2021, the Company’s intangible assets and liabilities, including properties held for sale (if any), consisted of the following (dollars in thousands):


	December 31, 2022						December 31, 2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
In-place leases	$	119,959	$	(83,222)	$	36,737	$	110,351	$	(72,266)	$	38,085
Above-market leases	3,586		(3,558)		28		3,775		(3,706)		69
Below-market leases	(95,638)		39,765		(55,873)		(78,753)		27,728		(51,025)
Total	$	27,907	$	(47,015)	$	(19,108)	$	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.


Description						Standard Depreciable Life
Land						Not depreciated
Building						40 years
Building Improvements						5-40 years
Tenant Improvements						Shorter of lease term or useful life
Leasing Costs						Lease term
In-place Leases						Lease term
Above/Below-Market Leases						Lease 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 Year Ended December 31,
	2022		2021		2020
Beginning
Cash and cash equivalents at beginning of year	$	204,404	$	107,180	$	110,082
Restricted cash	397		656		2,657
Cash and cash equivalents and restricted cash	204,801		107,836		112,739
Ending
Cash and cash equivalents at end of year	26,393		204,404		107,180
Restricted cash	1,690		397		656
Cash and cash equivalents and restricted cash	28,083		204,801		107,836
Net (decrease) increase in cash and cash equivalents and restricted cash	$	(176,718)	$	96,965	$	(4,903)