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Intangible Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of 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 and for the periods set forth below.

 

 

As of

 

(Amounts in thousands)

March 31, 2019

 

 

December 31, 2018

 

Intangible assets:

 

 

 

 

 

 

 

Gross amount

$

506,627

 

 

$

515,889

 

Accumulated amortization

 

(252,273

)

 

 

(245,444

)

 

$

254,354

 

 

$

270,445

 

Intangible liabilities:

 

 

 

 

 

 

 

Gross amount

$

181,008

 

 

$

185,191

 

Accumulated amortization

 

(91,053

)

 

 

(89,200

)

 

$

89,955

 

 

$

95,991

 

 

 

For the Three Months Ended March 31,

 

(Amounts in thousands)

2019

 

 

2018

 

Amortization of above and below-market leases, net

   (component of "rental revenue")

$

3,276

 

 

$

4,420

 

Amortization of acquired in-place leases

   (component of "depreciation and amortization")

$

13,333

 

 

$

15,293

 

 

Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases and In Place Leases

 

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, 2020.

 

(Amounts in thousands)

For the Year Ending December 31,

 

Above and

Below-Market

Leases, Net

 

 

In-Place Leases

 

2020

 

$

6,637

 

 

$

38,556

 

2021

 

 

3,357

 

 

 

28,108

 

2022

 

 

892

 

 

 

23,598

 

2023

 

 

4,407

 

 

 

18,917

 

2024

 

 

5,416

 

 

 

14,490