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Intangibles
9 Months Ended
Sep. 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 September 30, 2022 and December 31, 2021 (in thousands):
 September 30, 2022December 31, 2021
 CostAccumulated
Amortization
NetCostAccumulated
Amortization
Net
Assets      
In-place leases$445,583 $(230,930)$214,653 $441,072 $(201,885)$239,187 
Above-market leases$59,752 $(28,662)$31,090 $57,149 $(24,437)$32,712 
Liabilities      
Below-market leases$37,002 $(12,032)$24,970 $32,155 $(10,585)$21,570 

The following is a summary of acquired lease intangible amortization for the three and nine month periods ended September 30, 2022 and 2021 (in thousands):
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2022202120222021
Amortization expense related to in-place leases$10,629 $8,103 $32,814 $24,590 
Decrease in rental income related to above-market leases1,384 897 4,390 2,744 
Increase in rental income related to below-market leases556 324 1,522 963 

Future aggregate net amortization of acquired lease intangibles as of September 30, 2022, is as follows (in thousands):
 Net Decrease in 
Revenue
Net Increase in 
Expenses
2022$845 $10,712 
20233,191 40,616 
20242,929 34,718 
20252,357 29,208 
20261,203 23,095 
Thereafter(4,405)76,304 
Total$6,120 $214,653 
As of September 30, 2022, the weighted average remaining amortization period is 7 years for in-place and above-market lease intangibles assets and 16 years for below-market lease intangibles.