Intangible Assets and Liabilities

12 Months Ended

Dec. 31, 2020

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 December 31,
(Amounts in thousands)	2020			2019
Intangible assets:
Gross amount	$	436,851		$	466,099
Accumulated amortization		(283,332	)		(262,930	)
	$	153,519		$	203,169
Intangible liabilities:
Gross amount	$	163,977		$	174,670
Accumulated amortization		(107,981	)		(100,881	)
	$	55,996		$	73,789

	For the Year Ended December 31,
(Amounts in thousands)	2020		2019		2018
Amortization of above and below-market leases, net    (component of "rental revenue")	$	4,775	$	11,097	$	14,652
Amortization of acquired in-place leases    (component of "depreciation and amortization")	$	36,628	$	46,917	$	54,208

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	$	3,567	$	26,375
2022		1,629		21,878
2023		5,056		17,811
2024		5,994		14,342
2025		4,633		10,435