Intangibles (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Gross Carrying Amount and Accumulated Amortization of Intangible Assets and Liabilities

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

	June 30, 2020			December 31, 2019
Intangible assets:
In-place lease intangibles	$	947,570		$	811,254
Above-market lease intangibles		49,374			42,483
Other		26,400			26,400
Total intangible assets		1,023,344			880,137
Accumulated amortization:
In-place lease amortization		(330,876	)		(200,629	)
Above-market lease amortization		(15,715	)		(10,977	)
Other		(7,747	)		(3,189	)
Total accumulated amortization		(354,338	)		(214,795	)
Intangible assets, net	$	669,006		$	665,342
Intangible liabilities:
Below-market lease intangibles	$	187,081		$	167,032
Total intangible liabilities		187,081			167,032
Accumulated amortization:
Below-market lease amortization		(47,580	)		(30,078	)
Total accumulated amortization		(47,580	)		(30,078	)
Intangible liabilities, net	$	139,501		$	136,954

Estimated Future Amortization

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of June 30, 2020 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Below-market Lease Intangibles
2020 (remaining)	$	158,031	$	5,894	$	(21,330	)
2021		149,522		9,226		(32,103	)
2022		99,404		6,038		(24,581	)
2023		62,413		3,360		(19,790	)
2024		46,367		2,767		(15,413	)
2025		35,925		2,079		(11,775	)
Thereafter		65,032		4,295		(14,509	)
	$	616,694	$	33,659	$	(139,501	)