Intangible Assets and Liabilities

6 Months Ended

Jun. 30, 2024

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)	June 30, 2024			December 31, 2023
Intangible assets:
Gross amount	$	222,820		$	262,541
Accumulated amortization		(165,208	)		(194,536	)
	$	57,612		$	68,005
Intangible liabilities:
Gross amount	$	127,371		$	136,820
Accumulated amortization		(103,246	)		(108,817	)
	$	24,125		$	28,003

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
(Amounts in thousands)	2024		2023		2024		2023
Amortization of above and below-market leases, net    (component of "rental revenue")	$	1,632	$	1,448	$	2,972	$	2,484
Amortization of acquired in-place leases    (component of "depreciation and amortization")		4,340		4,262		9,100		9,071

The following table sets forth amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for the six-month period from July 1, 2024 through December 31, 2024, and each of the five succeeding years commencing from January 1, 2025.

(Amounts in thousands)	Above and Below-Market Leases, Net		In-Place Leases
2024	$	2,623	$	6,847
2025		4,447		10,300
2026		2,926		7,069
2027		2,613		6,424
2028		2,533		6,345
2029		2,095		5,688