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Acquired Lease Intangibles (Tables)
12 Months Ended
Dec. 31, 2023
Acquired Lease Intangibles  
Schedule of the Company's Acquired Lease Intangibles
The following table summarizes the Company’s acquired lease intangibles as of December 31, 2023 (in thousands):
 
 December 31, 2023
 Gross CarryingAccumulatedNet Carrying
 AmountAmortization Amount
In-place lease assets$215,832 $108,772 $107,060 
Above-market lease assets7,810 5,733 2,077 
Above/Below-market ground lease assets5,075 1,085 3,990 
Below-market lease liabilities36,282 17,261 19,021 
 
The following table summarizes the Company’s acquired lease intangibles as of December 31, 2022 (in thousands):
 
 December 31, 2022
 Gross CarryingAccumulatedNet Carrying
 AmountAmortizationAmount
In-place lease assets$180,598 $79,320 $101,278 
Above-market lease assets7,748 5,156 2,592 
Above/Below-market ground lease assets5,075 948 4,127 
Below-market lease liabilities32,355 13,937 18,418 
Schedule of Finite-Lived Intangible Assets
During the years ended December 31, 2023, 2022, and 2021, the Company recognized the following amortization of intangible lease assets and liabilities (in thousands):
 Years Ended December 31, 
 202320222021
Intangible lease assets
In-place lease assets$29,351 $15,767 $13,210 
Above-market lease assets577 641 595 
Above/Below-market ground lease assets138 138 144 
Intangible lease liabilities
Below-market lease liabilities3,324 2,395 2,148 
Schedule of Estimated Amortization of Acquired Lease Intangibles
Estimated amortization of acquired lease intangibles for each of the five succeeding years is as follows (in thousands):
 
 Rental RevenuesDepreciation and Amortization
Year ending December 31,   
2024$2,080 $14,794 
20252,007 13,766 
20262,014 13,059 
20271,866 12,183 
20281,413 8,402