Intangible Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Intangible Assets And Liabilities [Abstract]

Schedule of intangible assets and liabilities

Intangible assets and liabilities are summarized as follows (in thousands):

		December 31,
		2021						2020
	Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-Lived Intangible Assets
In-place lease	9 – 23	$	240,432	$	(162,497)	$	77,935	$	244,963	$	(151,613)	$	93,350
Above-market rent	9 – 30	10,294		(6,081)		4,213		10,773		(5,670)		5,103
		250,726		(168,578)		82,148		255,736		(157,283)		98,453
Goodwill
Goodwill		26,021		—		26,021		27,259		—		27,259
Total intangible assets		$	276,747	$	(168,578)	$	108,169	$	282,995	$	(157,283)	$	125,712
Finite-Lived Intangible Liabilities
Below-market rent	9 – 30	$	(14,654)	$	8,755	$	(5,899)	$	(14,776)	$	7,755	$	(7,021)
Total intangible liabilities		$	(14,654)	$	8,755	$	(5,899)	$	(14,776)	$	7,755	$	(7,021)

Schedule of finite-lived intangible assets, future amortization expense

Based on the intangible assets and liabilities recorded as of December 31, 2021, scheduled annual net amortization of intangibles for the next five calendar years and thereafter is as follows (in thousands):

Years Ending December 31,	Net (Increase) Decrease in Rental Income		Increase to Amortization		Net
2022	$	(391)	$	14,203	$	13,812
2023	(489)		12,011		11,522
2024	(529)		9,539		9,010
2025	(548)		8,741		8,193
2026	(206)		7,113		6,907
Thereafter	477		26,328		26,805
	$	(1,686)	$	77,935	$	76,249