Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Intangible assets consist of lease intangibles for leases acquired with lease rates above market at the time of acquisition. The following table summarizes the amortization of intangible assets as of June 30, 2020 (in thousands):

Years ending December 31,	Total intangible assets
2020	$	10,585
2021	16,549
2022	10,497
2023	4,657
2024	1,962
2025 and thereafter	—
Total	$	44,250

Amortization expense related to intangible assets was $5.7 million and $11.9 million for the three and six months ended June 30, 2020, respectively, and $10.3 million and $21.4 million for the three and six months ended June 30, 2019, respectively.