Intangibles

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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


	September 30, 2023			December 31, 2022
Intangible assets: (1)
In-place lease intangibles	$	295,807		$	330,631
Above-market lease intangibles		44,059			47,472
Other		42,291			43,032
Total intangible assets		382,157			421,135
Accumulated amortization:
In-place lease amortization		(122,207	)		(113,674	)
Above-market lease amortization		(17,464	)		(14,022	)
Other		(11,806	)		(9,723	)
Total accumulated amortization		(151,477	)		(137,419	)
Intangible assets, net	$	230,680		$	283,716
Intangible liabilities: (2)
Below-market lease intangibles	$	86,662		$	89,137
Total intangible liabilities		86,662			89,137
Accumulated amortization:
Below-market lease amortization		(25,313	)		(18,770	)
Total accumulated amortization		(25,313	)		(18,770	)
Intangible liabilities, net	$	61,349		$	70,367

(1)

Included in Other assets on the Company’s Condensed Consolidated Balance Sheets.

(2)

Included in Other liabilities on the Company’s Condensed Consolidated Balance Sheets.

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of September 30, 2023 is as follows ($ in thousands):


	In-place Lease Intangibles		Above-market Lease Intangibles		Other		Below-market Lease Intangibles
2023 (remaining)	$	11,215	$	1,654	$	838	$	(2,782	)
2024		35,193		5,388		3,395		(8,703	)
2025		25,387		4,086		3,395		(6,707	)
2026		21,263		3,809		3,395		(6,693	)
2027		17,476		3,096		3,395		(5,032	)
Thereafter		63,066		8,562		16,067		(31,432	)
	$	173,600	$	26,595	$	30,485	$	(61,349	)