Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Deferred Costs, Net

Deferred costs, net, consisted of the following at December 31, 2023 and 2022 (amounts in thousands):      

	2023		2022
Leasing costs	$	224,295	$	218,707
Acquired in-place lease value and deferred leasing costs	158,267		160,683
Acquired above-market leases	23,918		27,833
	406,480		407,223
Less: accumulated amortization	(236,900)		(223,246)
Total deferred costs, net, excluding net deferred financing costs	$	169,580	$	183,977

Deferred financing costs, net, consisted of the following at December 31, 2023 and 2022 (amounts in thousands):     

	2023		2022
Financing costs	$	43,473	$	43,473
Less: accumulated amortization	(31,108)		(26,753)
Total deferred financing costs, net	$	12,365	$	16,720

Schedule of Amortizing Acquired Intangible Assets and Liabilities

Amortizing acquired intangible assets and liabilities consisted of the following at December 31, 2023 and 2022 (amounts in thousands):     

	2023		2022
Acquired below-market ground leases	$	396,916	$	396,916
Less: accumulated amortization	(75,675)		(67,843)
Acquired below-market ground leases, net	$	321,241	$	329,073

    

	2023		2022
Acquired below-market leases	$	(55,155)	$	(64,656)
Less: accumulated amortization	41,405		46,807
Acquired below-market leases, net	$	(13,750)	$	(17,849)

Schedule of Future Amortization Expense and Rental Revenue from Acquired Intangible Assets

We expect to recognize amortization expense and rental revenue from the acquired intangible assets and liabilities as follows (amounts in thousands):

For the year ending:	Future Ground Rent Amortization		Future Amortization Expense		Future Rental Revenue (Expense)
2024	$	7,831	$	7,430	$	1,977
2025	7,831		6,481		1,914
2026	7,831		5,593		1,116
2027	7,831		4,930		882
2028	7,831		4,297		854
Thereafter	282,086		4,110		(124)
	$	321,241	$	32,841	$	6,619