Intangibles (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of 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):

	December 31, 2022			December 31, 2021
Intangible assets: (1)
In-place lease intangibles	$	330,631		$	448,447
Above-market lease intangibles		47,472			36,696
Other		43,032			43,653
Total intangible assets		421,135			528,796
Accumulated amortization:
In-place lease amortization		(113,674	)		(144,663	)
Above-market lease amortization		(14,022	)		(7,718	)
Other		(9,723	)		(7,300	)
Total accumulated amortization		(137,419	)		(159,681	)
Intangible assets, net	$	283,716		$	369,115
Intangible liabilities: (2)
Below-market lease intangibles	$	89,137		$	65,143
Total intangible liabilities		89,137			65,143
Accumulated amortization:
Below-market lease amortization		(18,770	)		(9,523	)
Total accumulated amortization		(18,770	)		(9,523	)
Intangible liabilities, net	$	70,367		$	55,620

__________

(1)Included in Other assets on the Company’s Consolidated Balance Sheets.

(2)Included in Other liabilities on the Company’s Consolidated Balance Sheets.

Summary of Estimated Future Amortization on Intangibles

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of December 31, 2022 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Other		Below-market Lease Intangibles
2023	$	50,832	$	7,206	$	3,542	$	(11,335	)
2024		36,576		5,705		3,528		(9,642	)
2025		28,003		4,336		3,396		(7,536	)
2026		19,954		3,738		3,396		(6,622	)
2027		13,878		1,639		3,396		(2,902	)
Thereafter		67,714		10,826		16,051		(32,330	)
	$	216,957	$	33,450	$	33,309	$	(70,367	)