Intangible Assets and Liabilities

3 Months Ended

Mar. 31, 2020

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 and for the periods set forth below.

	As of
(Amounts in thousands)	March 31, 2020			December 31, 2019
Intangible assets:
Gross amount	$	451,534		$	466,099
Accumulated amortization		(260,351	)		(262,930	)
	$	191,183		$	203,169
Intangible liabilities:
Gross amount	$	165,583		$	174,670
Accumulated amortization		(95,831	)		(100,881	)
	$	69,752		$	73,789

	For the Three Months Ended March 31,
(Amounts in thousands)	2020		2019
Amortization of above and below-market leases, net    (component of "rental revenue")	$	1,543	$	3,296
Amortization of acquired in-place leases    (component of "depreciation and amortization")		9,492		12,753

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, 2021.

(Amounts in thousands) For the Year Ending December 31,	Above and Below-Market Leases, Net		In-Place Leases
2021	$	3,602	$	26,420
2022		1,132		21,923
2023		4,559		17,856
2024		5,498		14,387
2025		4,141		10,480