INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)

3 Months Ended

Mar. 31, 2023

Intangible Assets and Liabilities Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets and Liabilities

Intangible assets and liabilities, net are summarized as follows:

	March 31, 2023		December 31, 2022
Intangible assets
Acquired favorable lease intangibles	$	60,514	$	64,202
Less: Accumulated amortization	(14,785)		(22,247)
Acquired favorable lease intangibles, net	$	45,729	$	41,955
Intangible liabilities
Acquired unfavorable lease intangibles	$	3,771	$	13,152
Less: Accumulated amortization	(1,796)		(2,607)
Acquired unfavorable lease intangibles, net	$	1,975	$	10,545

Intangible assets and liabilities are all held within the Aviation Leasing segment. Intangible liabilities relate to unfavorable lease intangibles and are included as a component of Other liabilities in the Consolidated Balance Sheets.

Schedule of Intangible Assets and Liabilities

Amortization of intangible assets and liabilities is as follows:

	Classification in Consolidated Statements of Operations	Three Months Ended March 31,
		2023		2022
Lease intangibles	Lease income	$	3,983	$	3,658

Schedule of Net Annual Amortization of Intangibles

As of March 31, 2023, estimated net annual amortization of intangibles is as follows:

Remainder of 2023	$	14,150
2024	10,083
2025	8,678
2026	3,695
2027	4,392
Thereafter	2,756
Total	$	43,754