Intangibles (Tables)

9 Months Ended

Sep. 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):

	September 30, 2020			December 31, 2019
Intangible assets:
In-place lease intangibles	$	903,040		$	811,254
Above-market lease intangibles		49,360			42,483
Other		26,741			26,400
Total intangible assets		979,141			880,137
Accumulated amortization:
In-place lease amortization		(347,590	)		(200,629	)
Above-market lease amortization		(18,102	)		(10,977	)
Other		(9,743	)		(3,189	)
Total accumulated amortization		(375,435	)		(214,795	)
Intangible assets, net	$	603,706		$	665,342
Intangible liabilities:
Below-market lease intangibles	$	190,067		$	167,032
Total intangible liabilities		190,067			167,032
Accumulated amortization:
Below-market lease amortization		(57,322	)		(30,078	)
Total accumulated amortization		(57,322	)		(30,078	)
Intangible liabilities, net	$	132,745		$	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 September 30, 2020 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Below-market Lease Intangibles
2020 (remaining)	$	104,416	$	4,852	$	(15,740	)
2021		139,689		8,341		(30,341	)
2022		98,444		5,766		(24,937	)
2023		63,606		3,483		(20,136	)
2024		46,115		2,666		(15,488	)
2025		35,221		2,062		(11,386	)
Thereafter		67,959		4,088		(14,717	)
	$	555,450	$	31,258	$	(132,745	)