Intangibles

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

IntangiblesThe gross carrying amount and accumulated amortization of the Company’s identified intangible lease assets consisted of the following:

	September 30, 2023		December 31, 2022
Intangible lease assets:
In-place lease intangibles	$	94,272	$	93,121
Other lease intangibles(1)	51,769		18,556
Total intangible lease assets	146,041		111,677
Accumulated amortization:
In-place lease intangibles	(6,741)		(1,553)
Other lease intangibles	(1,329)		(303)
Total accumulated amortization	(8,070)		(1,856)
Intangible lease assets, net	$	137,971	$	109,821

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(1)The increase in Other lease intangibles relates to tenant inducements provided in conjunction with new leases signed during the period, as well as amounts due to tenants under existing lease agreements for properties previously under development

The estimated future amortization on the Company’s intangible assets for each of the next five years and thereafter as of September 30, 2023 is as follows:

	In-Place Tenant Lease Intangible Assets		Other Lease Intangibles
2023 (remaining)	$	1,792	$	880
2024	7,167		3,041
2025	7,167		3,041
2026	7,167		3,041
2027	7,167		3,041
2028	7,167		3,041
Thereafter	49,904		34,355
Total	$	87,531	$	50,440

As of September 30, 2023 and December 31, 2022, the gross carrying amount of the Company’s below market lease intangibles was $3,085 and $1,657, with accumulated amortization of $160 and $35, respectively. The below market lease intangibles, net of accumulated amortization, are included in Other liabilities within our Condensed Consolidated Balance Sheet.