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Intangibles
6 Months Ended
Jun. 30, 2023
Finite-Lived Intangible Assets, Net [Abstract]  
Intangibles Intangibles
 
The following is a summary of the carrying amount of intangible assets and liabilities as of June 30, 2023 and December 31, 2022 (in thousands):
 June 30, 2023December 31, 2022
 CostAccumulated
Amortization
NetCostAccumulated
Amortization
Net
Assets      
In-place leases$448,797 $(262,439)$186,358 $445,583 $(241,643)$203,940 
Above-market leases$59,752 $(32,909)$26,843 $59,752 $(30,096)$29,656 
Liabilities      
Below-market leases$36,409 $(13,198)$23,211 $37,002 $(12,621)$24,381 
The following is a summary of acquired lease intangible amortization for the three and six months ended June 30, 2023 and 2022 (in thousands):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2023202220232022
Amortization expense related to in-place leases$10,461 $11,145 $21,073 $22,185 
Decrease in rental income related to above-market leases1,398 1,503 2,813 3,006 
Increase in rental income related to below-market leases585 508 1,171 966 

Future aggregate net amortization of acquired lease intangibles as of June 30, 2023, is as follows (in thousands):
 Net Decrease (Increase) 
in Revenue
Net Increase in 
Expenses
2023$1,548 $19,812 
20242,929 35,116 
20252,357 29,594 
20261,203 23,479 
20271,036 20,557 
Thereafter(5,441)57,800 
Total$3,632 $186,358 
As of June 30, 2023, the weighted average remaining amortization period is 7 years for in-place and above-market lease intangible assets and 15 years for below-market lease intangibles.