Intangibles

9 Months Ended

Sep. 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):

	September 30, 2019			December 31, 2018
Intangible assets:
In-place lease intangibles	$	871,031		$	354,261
Above-market lease intangibles		41,572			21,626
Prepaid ground lease intangibles		—			16,114
Below-market ground lease intangibles		—			5,415
Other		21,318			5,676
Total intangible assets		933,921			403,092
Accumulated amortization:
In-place lease amortization		(233,374	)		(104,745	)
Above-market lease amortization		(8,767	)		(4,903	)
Prepaid ground lease amortization		—			(378	)
Below-market ground lease amortization		—			(162	)
Other		(893	)		(246	)
Total accumulated amortization		(243,034	)		(110,434	)
Intangible assets, net	$	690,887		$	292,658
Intangible liabilities:
Below-market lease intangibles	$	152,157		$	62,199
Above-market ground lease intangibles		—			4,657
Total intangible liabilities		152,157			66,856
Accumulated amortization:
Below-market lease amortization		(21,789	)		(11,132	)
Above-market ground lease amortization		—			(15	)
Total accumulated amortization		(21,789	)		(11,147	)
Intangible liabilities, net	$	130,368		$	55,709

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

	In-place Lease Intangibles		Above-market Lease Intangibles		Below-market Lease Intangibles
2019 (remaining)	$	93,105	$	2,225	$	(7,657	)
2020		182,667		8,127		(27,726	)
2021		122,184		7,158		(24,144	)
2022		83,217		5,597		(18,954	)
2023		55,590		3,365		(15,113	)
2024		33,824		2,225		(11,787	)
Thereafter		67,070		4,108		(24,987	)
	$	637,657	$	32,805	$	(130,368	)