Intangibles (Tables)

3 Months Ended

Mar. 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):

	March 31, 2022			December 31, 2021
Intangible assets: (1)
In-place lease intangibles	$	455,095		$	448,447
Above-market lease intangibles		40,188			36,696
Other		45,595			43,653
Total intangible assets		540,878			528,796
Accumulated amortization:
In-place lease amortization		(222,149	)		(144,663	)
Above-market lease amortization		(9,637	)		(7,718	)
Other		(9,540	)		(7,300	)
Total accumulated amortization		(241,326	)		(159,681	)
Intangible assets, net	$	299,552		$	369,115
Intangible liabilities: (2)
Below-market lease intangibles	$	66,475		$	65,143
Total intangible liabilities		66,475			65,143
Accumulated amortization:
Below-market lease amortization		(11,645	)		(9,523	)
Total accumulated amortization		(11,645	)		(9,523	)
Intangible liabilities, net	$	54,830		$	55,620

⁽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.

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 March 31, 2022 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Other		Below-market Lease Intangibles
2022 (remaining)	$	57,155	$	4,991	$	5,400	$	(6,574	)
2023		43,027		6,141		5,613		(8,112	)
2024		30,204		4,641		5,599		(6,419	)
2025		23,269		3,272		5,192		(4,982	)
2026		16,161		2,674		2,507		(4,732	)
Thereafter		63,130		8,832		11,744		(24,011	)
	$	232,946	$	30,551	$	36,055	$	(54,830	)