Intangibles (Tables)

3 Months Ended

Mar. 31, 2021

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):

	March 31, 2021			December 31, 2020
Intangible assets:
In-place lease intangibles	$	1,104,056		$	1,094,561
Above-market lease intangibles		49,243			49,261
Other		32,602			32,549
Total intangible assets		1,185,901			1,176,371
Accumulated amortization:
In-place lease amortization		(501,777	)		(407,256	)
Above-market lease amortization		(22,440	)		(20,291	)
Other		(11,416	)		(10,565	)
Total accumulated amortization		(535,633	)		(438,112	)
Intangible assets, net	$	650,268		$	738,259
Intangible liabilities:
Below-market lease intangibles	$	195,474		$	194,158
Total intangible liabilities		195,474			194,158
Accumulated amortization:
Below-market lease amortization		(73,380	)		(65,519	)
Total accumulated amortization		(73,380	)		(65,519	)
Intangible liabilities, net	$	122,094		$	128,639

Estimated Future Amortization

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of March 31, 2021 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Below-market Lease Intangibles
2021 (remaining)	$	198,333	$	6,149	$	(23,241	)
2022		125,058		6,590		(25,811	)
2023		81,193		4,125		(21,067	)
2024		56,084		2,874		(16,781	)
2025		43,335		2,241		(12,666	)
2026		32,750		1,637		(9,515	)
Thereafter		65,526		3,187		(13,013	)
	$	602,279	$	26,803	$	(122,094	)