Intangibles

12 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Intangibles

4. Intangibles

The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities consisted of the following ($ in thousands):

	December 31, 2018			December 31, 2017
Intangible assets:
In-place lease intangibles	$	354,261		$	131,833
Below-market ground lease intangibles		5,415			4,623
Above-market lease intangibles		21,626			6,670
Prepaid ground lease intangibles		16,114			16,114
Other		5,676			676
Total intangible assets		403,092			159,916
Accumulated amortization:
In-place lease amortization		(104,745	)		(45,160	)
Below-market ground lease amortization		(162	)		(85	)
Above-market lease amortization		(4,903	)		(600	)
Prepaid ground lease amortization		(378	)		(151	)
Other		(246	)		(76	)
Total accumulated amortization		(110,434	)		(46,072	)
Intangible assets, net	$	292,658		$	113,844
Intangible liabilities:
Below-market lease intangibles	$	62,199		$	14,920
Above-market ground lease intangibles		4,657			—
Total intangible liabilities		66,856			14,920
Accumulated amortization:
Below-market lease amortization		(11,132	)		(1,764	)
Above-market ground lease amortization		(15	)		—
Total accumulated amortization		(11,147	)		(1,764	)
Intangible liabilities, net	$	55,709		$	13,156

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of December 31, 2018 is as follows ($ in thousands):

	In-place Lease Intangibles		Below-market Ground Lease Intangibles		Above-market Lease Intangibles		Prepaid Ground Lease Intangibles		Below-market Lease Intangibles			Above-market Ground Lease Intangibles
2019	$	93,288	$	91	$	4,871	$	227	$	(12,362	)	$	(54	)
2020		49,827		91		3,954		227		(10,185	)		(54	)
2021		37,350		91		3,407		227		(7,834	)		(54	)
2022		25,658		91		2,336		227		(5,884	)		(54	)
2023		15,402		91		1,018		227		(4,340	)		(54	)
Thereafter		27,991		4,798		1,137		14,601		(10,462	)		(4,372	)
	$	249,516	$	5,253	$	16,723	$	15,736	$	(51,067	)	$	(4,642	)