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Intangibles
6 Months Ended
Jun. 30, 2022
Finite-Lived Intangible Assets, Net [Abstract]  
Intangibles Intangibles
 
The following is a summary of the carrying amount of intangible assets and liabilities, excluding assets classified as held for sale if applicable, as of June 30, 2022 and December 31, 2021 (in thousands):
 June 30, 2022December 31, 2021
 CostAccumulated
Amortization
NetCostAccumulated
Amortization
Net
Assets      
In-place leases$435,578 $(220,301)$215,277 $441,072 $(201,885)$239,187 
Above-market leases$57,571 $(27,277)$30,294 $57,149 $(24,437)$32,712 
Liabilities      
Below-market leases$32,154 $(11,551)$20,603 $32,155 $(10,585)$21,570 

The following is a summary of acquired lease intangible amortization for the three and six month periods ended June 30, 2022 and 2021 (in thousands):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2022202120222021
Amortization expense related to in-place leases$11,145 $8,173 $22,185 $16,487 
Decrease in rental income related to above-market leases1,503 919 3,006 1,846 
Increase in rental income related to below-market leases508 317 966 640 

Future aggregate net amortization of acquired lease intangibles, excluding three assets classified as held for sale, as of June 30, 2022, is as follows (in thousands):
 Net Decrease in 
Revenue
Net Increase in 
Expenses
2022$1,695 $20,664 
20233,192 38,747 
20242,997 33,328 
20252,467 27,935 
20261,318 21,838 
Thereafter(1,978)72,765 
Total$9,691 $215,277 
As of June 30, 2022, the weighted average remaining amortization period is 8 years for in-place and above-market lease intangibles assets and 16 years for below-market lease intangibles.