Intangibles (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023			December 31, 2022
Intangible assets: (1)
In-place lease intangibles	$	292,348		$	330,631
Above-market lease intangibles		44,463			47,472
Other		41,823			43,032
Total intangible assets		378,634			421,135
Accumulated amortization:
In-place lease amortization		(127,185	)		(113,674	)
Above-market lease amortization		(18,913	)		(14,022	)
Other		(12,500	)		(9,723	)
Total accumulated amortization		(158,598	)		(137,419	)
Intangible assets, net	$	220,036		$	283,716
Intangible liabilities: (2)
Below-market lease intangibles	$	87,173		$	89,137
Total intangible liabilities		87,173			89,137
Accumulated amortization:
Below-market lease amortization		(27,606	)		(18,770	)
Total accumulated amortization		(27,606	)		(18,770	)
Intangible liabilities, net	$	59,567		$	70,367

(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, 2023 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Other		Below-market Lease Intangibles
2024	$	35,697	$	5,572	$	3,364	$	(8,925	)
2025		25,680		4,172		3,364		(6,821	)
2026		20,981		3,823		3,364		(5,786	)
2027		17,158		3,133		3,364		(5,109	)
2028		13,928		2,565		3,364		(4,673	)
Thereafter		51,719		6,285		12,503		(28,253	)
	$	165,163	$	25,550	$	29,323	$	(59,567	)