Intangible Assets and Liabilities

9 Months Ended

Sep. 30, 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)	September 30, 2021			December 31, 2020
Intangible assets:
Gross amount	$	377,109		$	436,851
Accumulated amortization		(249,580	)		(283,332	)
	$	127,529		$	153,519
Intangible liabilities:
Gross amount	$	156,104		$	163,977
Accumulated amortization		(108,249	)		(107,981	)
	$	47,855		$	55,996

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
(Amounts in thousands)	2021		2020		2021		2020
Amortization of above and below-market leases, net    (component of "rental revenue")	$	722	$	1,910	$	2,335	$	4,688
Amortization of acquired in-place leases    (component of "depreciation and amortization")		6,413		9,195		20,183		27,877

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	$	1,345	$	21,644
2023		5,080		17,705
2024		6,020		14,248
2025		4,674		10,451
2026		2,801		7,896