Intangible Assets and Liabilities

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Liabilities

6.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
(Amounts in thousands)	September 30, 2023			December 31, 2022
Intangible assets:
Gross amount	$	268,017		$	337,104
Accumulated amortization		(193,626	)		(246,723	)
	$	74,391		$	90,381
Intangible liabilities:
Gross amount	$	136,820		$	138,726
Accumulated amortization		(106,839	)		(102,533	)
	$	29,981		$	36,193

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
(Amounts in thousands)	2023		2022			2023		2022
Amortization of above and below-market leases, net    (component of "rental revenue")	$	1,445	$	(84	)	$	3,929	$	589
Amortization of acquired in-place leases    (component of "depreciation and amortization")		4,635		5,401			13,706		16,344

The following table sets forth amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for the three-month period from October 1, 2023 through December 31, 2023, and each of the five succeeding years commencing from January 1, 2024.

(Amounts in thousands)	Above and Below-Market Leases, Net		In-Place Leases
2023	$	1,446	$	4,632
2024		5,862		14,915
2025		4,541		10,394
2026		2,711		7,785
2027		2,398		7,140
2028		2,318		6,868