Intangibles

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

Intangibles

The gross carrying amount and accumulated amortization of our intangible assets and liabilities are:

	December 31, 2021
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	24,094	$	(6,115)	$	17,979
Leasing commissions	2,932		(230)		2,702
Above-market lease intangibles	1,322		(26)		1,296
Total intangible assets, net	$	28,348	$	(6,371)	$	21,977
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	1,677	$	(195)	$	1,482
Total intangible liabilities, net	$	1,677	$	(195)	$	1,482

	December 31, 2020
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	5,475	$	(7)	$	5,468
Leasing commissions	2,136		(4)		2,132
Total intangible assets, net	$	7,611	$	(11)	$	7,600
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	1,605	$	—	$	1,605
Total intangible liabilities, net	$	1,605	$	—	$	1,605

The estimated future amortization of our intangibles for each of the next five years and thereafter as of December 31, 2021 is:

$ in thousands	In-place Lease Intangibles		Leasing Commissions		Above-market Lease Intangibles		Below-market Lease Intangibles
2022	$	11,861	$	290	$	96	$	(267)
2023	746		289		96		(194)
2024	746		289		96		(194)
2025	746		289		96		(194)
2026	746		289		96		(194)
Thereafter	3,134		1,256		816		(439)
	$	17,979	$	2,702	$	1,296	$	(1,482)