Intangibles

9 Months Ended

Sep. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Intangibles

4. Intangibles

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: (1)
In-place lease intangibles	$	170,754		$	77,311
Above-market lease intangibles		22,096			5,387
Other		31,019			30,801
Total intangible assets		223,869			113,499
Accumulated amortization:
In-place lease amortization		(47,314	)		(12,341	)
Above-market lease intangibles		(2,540	)		(318	)
Other		(2,955	)		(635	)
Total accumulated amortization		(52,809	)		(13,294	)
Intangible assets, net	$	171,060		$	100,205
Intangible liabilities: (2)
Below-market lease intangibles	$	32,714		$	7,032
Accumulated amortization		(2,494	)		(331	)
Intangible liabilities, net	$	30,220		$	6,701

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

⁽²⁾ Included in Accounts payable, accrued expenses and other liabilities on the Company’s 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, 2020 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Other		Below-market Lease Intangibles
2020 (remaining)	$	4,742	$	1,039	$	1,138	$	(1,040	)
2021		29,155		3,783		2,933		(3,658	)
2022		22,243		3,298		2,924		(3,378	)
2023		16,470		2,854		2,839		(3,122	)
2024		11,942		1,863		2,825		(2,686	)
Thereafter		38,888		6,719		15,405		(16,336	)
	$	123,440	$	19,556	$	28,064	$	(30,220	)