Intangible Assets and Liabilities

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Liabilities

7. Intangible Assets and Liabilities

The following tables summarize our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) and the related amortization as of the dates thereof and for the periods set forth below.

	As of December 31,
(Amounts in thousands)	2022			2021
Intangible assets:
Gross amount	$	337,104		$	371,555
Accumulated amortization		(246,723	)		(252,142	)
	$	90,381		$	119,413
Intangible liabilities:
Gross amount	$	138,726		$	151,118
Accumulated amortization		(102,533	)		(105,790	)
	$	36,193		$	45,328

	For the Year Ended December 31,
(Amounts in thousands)	2022		2021		2020
Amortization of above and below-market leases, net    (component of "rental revenue")	$	1,748	$	3,070	$	4,775
Amortization of acquired in-place leases    (component of "depreciation and amortization")	$	21,645	$	26,507	$	36,628

The following table sets forth annual amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for each of the five succeeding years commencing from January 1, 2023.

(Amounts in thousands) For the Year Ending December 31,	Above and Below- Market Leases, Net		In-Place Leases
2023	$	5,002	$	17,705
2024		5,942		14,248
2025		4,596		10,451
2026		2,723		7,896
2027		2,410		7,252