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Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Lease Intangible Assets and Liabilities The following table summarizes our acquired lease intangible assets, including the value of in-place leases and above-market tenant leases, and our acquired lease intangible liabilities which includes below-market tenant leases (in thousands): 
 September 30, 2020December 31, 2019
Acquired Lease Intangible Assets:  
In-place lease intangibles$165,570 $154,370 
Accumulated amortization(104,166)(87,955)
In-place lease intangibles, net$61,404 $66,415 
Above-market tenant leases$14,375 $14,296 
Accumulated amortization(8,475)(7,621)
Above-market tenant leases, net$5,900 $6,675 
Acquired lease intangible assets, net$67,304 $73,090 
Acquired Lease Intangible Liabilities:  
Below-market tenant leases$(92,228)$(81,718)
Accumulated accretion31,080 22,378 
Below-market tenant leases, net$(61,148)$(59,340)
Acquired lease intangible liabilities, net$(61,148)$(59,340)
Summary of Amortization or Accretion Recorded During the Period Related to Acquired Lease Intangibles The following table summarizes the amortization related to our acquired lease intangible assets and liabilities for the three and nine months ended September 30, 2020 and 2019 (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
 2020201920202019
In-place lease intangibles(1)
$5,537 $5,572 $17,111 $15,224 
Net below-market tenant leases(2)
$(2,750)$(2,065)$(7,822)$(5,716)
(1)The amortization of in-place lease intangibles is recorded to depreciation and amortization expense in the consolidated statements of operations for the periods presented.
(2)The amortization of net below-market tenant leases is recorded as an increase to rental income in the consolidated statements of operations for the periods presented.