Intangible Assets and Liabilities

3 Months Ended

Mar. 31, 2021

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)	March 31, 2021			December 31, 2020
Intangible assets:
Gross amount	$	395,730		$	436,851
Accumulated amortization		(251,569	)		(283,332	)
	$	144,161		$	153,519
Intangible liabilities:
Gross amount	$	162,237		$	163,977
Accumulated amortization		(109,233	)		(107,981	)
	$	53,004		$	55,996

	For the Three Months Ended March 31,
(Amounts in thousands)	2021		2020
Amortization of above and below-market leases, net    (component of "rental revenue")	$	855	$	1,543
Amortization of acquired in-place leases    (component of "depreciation and amortization")		7,219		9,492

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, 2022.

(Amounts in thousands) For the Year Ending December 31,	Above and Below-Market Leases, Net		In-Place Leases
2022	$	1,612	$	21,754
2023		5,039		17,687
2024		5,978		14,231
2025		4,633		10,434
2026		2,759		7,878