Intangibles

6 Months Ended

Jun. 30, 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):

	June 30, 2019			December 31, 2018
Intangible assets:
In-place lease intangibles	$	505,668		$	354,261
Above-market lease intangibles		25,202			21,626
Prepaid ground lease intangibles		—			16,114
Below-market ground lease intangibles		—			5,415
Other		6,719			5,676
Total intangible assets		537,589			403,092
Accumulated amortization:
In-place lease amortization		(189,995	)		(104,745	)
Above-market lease amortization		(7,409	)		(4,903	)
Prepaid ground lease amortization		—			(378	)
Below-market ground lease amortization		—			(162	)
Other		(348	)		(246	)
Total accumulated amortization		(197,752	)		(110,434	)
Intangible assets, net	$	339,837		$	292,658
Intangible liabilities:
Below-market lease intangibles	$	77,224		$	62,199
Above-market ground lease intangibles		—			4,657
Total intangible liabilities		77,224			66,856
Accumulated amortization:
Below-market lease amortization		(17,110	)		(11,132	)
Above-market ground lease amortization		—			(15	)
Total accumulated amortization		(17,110	)		(11,147	)
Intangible liabilities, net	$	60,114		$	55,709

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of June 30, 2019 is as follows ($ in thousands)

	In-place Lease Intangibles		Above-market Lease Intangibles		Below-market Lease Intangibles
2019 (remaining)	$	107,624	$	2,732	$	(7,560	)
2020		62,850		4,711		(12,712	)
2021		47,215		4,015		(10,032	)
2022		32,999		2,786		(7,993	)
2023		21,478		1,459		(6,349	)
2024		13,698		871		(4,462	)
Thereafter		29,809		1,219		(11,006	)
	$	315,673	$	17,793	$	(60,114	)