Intangibles

3 Months Ended

Mar. 31, 2019

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):

	March 31, 2019			December 31, 2018
Intangible assets:
In-place lease intangibles	$	368,599		$	354,261
Above-market lease intangibles		21,621			21,626
Prepaid ground lease intangibles		—			16,114
Below-market ground lease intangibles		—			5,415
Other		5,676			5,676
Total intangible assets		395,896			403,092
Accumulated amortization:
In-place lease amortization		(140,752	)		(104,745	)
Above-market lease amortization		(6,265	)		(4,903	)
Prepaid ground lease amortization		—			(378	)
Below-market ground lease amortization		—			(162	)
Other		(289	)		(246	)
Total accumulated amortization		(147,306	)		(110,434	)
Intangible assets, net	$	248,590		$	292,658
Intangible liabilities:
Below-market lease intangibles	$	62,338		$	62,199
Above-market ground lease intangibles		—			4,657
Total intangible liabilities		62,338			66,856
Accumulated amortization:
Below-market lease amortization		(14,074	)		(11,132	)
Above-market ground lease amortization		—			(15	)
Total accumulated amortization		(14,074	)		(11,147	)
Intangible liabilities, net	$	48,264		$	55,709

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of March 31, 2019 is as follows ($ in thousands)

	In-place Lease Intangibles		Above-market Lease Intangibles		Below-market Lease Intangibles
2019 (remaining)	$	71,595	$	3,502	$	(9,267	)
2020		49,829		3,957		(10,254	)
2021		37,330		3,406		(7,907	)
2022		25,628		2,334		(5,958	)
2023		15,464		1,017		(4,414	)
2024		8,674		489		(2,680	)
Thereafter		19,327		651		(7,784	)
	$	227,847	$	15,356	$	(48,264	)