Intangibles

9 Months Ended

Sep. 30, 2021

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, 2021			December 31, 2020
Intangible assets: (1)
In-place lease intangibles	$	319,651		$	194,003
Above-market lease intangibles		29,303			22,132
Other		43,482			31,019
Total intangible assets		392,436			247,154
Accumulated amortization:
In-place lease amortization		(110,395	)		(60,142	)
Above-market lease amortization		(6,858	)		(3,506	)
Other		(5,785	)		(3,650	)
Total accumulated amortization		(123,038	)		(67,298	)
Intangible assets, net	$	269,398		$	179,856
Intangible liabilities: (2)
Below-market lease intangibles	$	48,859		$	36,190
Total intangible liabilities		48,859			36,190
Accumulated amortization:
Below-market lease amortization		(7,551	)		(3,534	)
Total accumulated amortization		(7,551	)		(3,534	)
Intangible liabilities, net	$	41,308		$	32,656

⁽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, 2021 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Other		Below-market Lease Intangibles
2021 (remaining)	$	22,387	$	1,264	$	820	$	(1,541	)
2022		52,405		4,580		3,569		(6,551	)
2023		34,753		4,080		3,484		(6,011	)
2024		26,027		2,916		3,470		(5,005	)
2025		21,120		2,279		3,338		(4,115	)
Thereafter		52,564		7,326		23,016		(18,085	)
	$	209,256	$	22,445	$	37,697	$	(41,308	)