Intangibles

9 Months Ended

Sep. 30, 2022

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, 2022			December 31, 2021
Intangible assets: (1)
In-place lease intangibles	$	383,765		$	448,447
Above-market lease intangibles		44,905			36,696
Other		43,299			43,653
Total intangible assets		471,969			528,796
Accumulated amortization:
In-place lease amortization		(155,306	)		(144,663	)
Above-market lease amortization		(11,869	)		(7,718	)
Other		(9,090	)		(7,300	)
Total accumulated amortization		(176,265	)		(159,681	)
Intangible assets, net	$	295,704		$	369,115
Intangible liabilities: (2)
Below-market lease intangibles	$	86,565		$	65,143
Total intangible liabilities		86,565			65,143
Accumulated amortization:
Below-market lease amortization		(15,627	)		(9,523	)
Total accumulated amortization		(15,627	)		(9,523	)
Intangible liabilities, net	$	70,938		$	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.

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of September 30, 2022 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Other		Below-market Lease Intangibles
2022 (remaining)	$	20,625	$	1,736	$	3,565	$	(3,435	)
2023		49,329		7,049		5,613		(11,014	)
2024		35,207		5,549		5,599		(9,321	)
2025		26,683		4,180		5,192		(7,215	)
2026		18,697		3,582		2,507		(6,301	)
Thereafter		77,918		10,940		11,733		(33,652	)
	$	228,459	$	33,036	$	34,209	$	(70,938	)