Intangible Assets and Liabilities

9 Months Ended

Sep. 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)	September 30, 2024			December 31, 2023
Intangible assets:
Gross amount	$	205,945		$	262,541
Accumulated amortization		(151,820	)		(194,536	)
	$	54,125		$	68,005
Intangible liabilities:
Gross amount	$	125,619		$	136,820
Accumulated amortization		(103,154	)		(108,817	)
	$	22,465		$	28,003

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
(Amounts in thousands)	2024		2023		2024		2023
Amortization of above and below-market leases, net    (component of "rental revenue")	$	1,379	$	1,445	$	4,351	$	3,929
Amortization of acquired in-place leases    (component of "depreciation and amortization")		2,970		4,635		12,070		13,706

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, 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	$	1,318	$	3,256
2025		4,350		10,070
2026		2,977		7,190
2027		2,665		6,546
2028		2,584		6,467
2029		2,146		5,810