Acquired Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets

	Balance as of
(Amounts in thousands)	March 31, 2020		December 31, 2019
Real Estate Intangibles:
Customer relationship value:
Gross amount (1)	$	3,194,157	$	1,845,949
Accumulated amortization		(427,337)		(400,570)
Net	$	2,766,820	$	1,445,379
Acquired in-place lease value:
Gross amount	$	1,368,685	$	1,357,190
Accumulated amortization		(920,682)		(899,071)
Net	$	448,003	$	458,119
Acquired above-market leases:
Gross amount	$	276,679	$	279,048
Accumulated amortization		(210,646)		(204,233)
Net	$	66,033	$	74,815
Acquired below-market leases:
Gross amount	$	396,532	$	396,509
Accumulated amortization		(251,324)		(247,735)
Net	$	145,208	$	148,774

(1) Balance as of March 31, 2020 includes provisional amounts from Interxion Combination (see Note 3).

Schedule of Estimated Annual Amortization of Below Market Leases

(Amounts in thousands)
Remainder of 2020	$	(7,269)
2021		(3,406)
2022		4,806
2023		9,572
2024		10,224
Thereafter		65,248
Total	$	79,175

Schedule of Estimated Annual Amortization of Customer Relationship Value

(Amounts in thousands)
Remainder of 2020	$	155,015
2021		206,687
2022		206,687
2023		206,687
2024		206,687
Thereafter		1,785,057
Total	$	2,766,820

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

(Amounts in thousands)
Remainder of 2020	$	72,301
2021		79,168
2022		59,522
2023		48,425
2024		41,326
Thereafter		147,261
Total	$	448,003