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Intangibles
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles Intangibles
The gross carrying amount and accumulated amortization of the Company’s identified intangible lease assets consisted of the following:
March 31, 2024December 31, 2023
Weighted Average Life (Years)Intangible lease assets, grossAccumulated AmortizationIntangible lease assets, netIntangible lease assets, grossAccumulated AmortizationIntangible lease assets, net
Intangible lease assets
In-place lease intangibles13.8$94,308 $(10,328)$83,980 $94,600 $(8,551)$86,049 
Other lease intangibles
17.952,069 (2,962)49,107 52,693 (2,212)50,481 
Total intangible lease assets15.2$146,377 $(13,290)$133,087 $147,293 $(10,763)$136,530 
Amortization expense related to the intangible lease assets for the three months ended March 31, 2024 was $2,556, of which $2,147 and $409 is included in Depreciation and amortization and Rental revenue, respectively within the Condensed Consolidated Statement of Operations. The amount included in rental revenue is related to tenant inducements and is a reduction to revenue. Amortization expense related to the intangible lease assets for three months ended March 31,
2023 was $2,044 and is included in Depreciation and amortization within the Condensed Consolidated Statement of Operations.
The estimated future amortization on the Company’s intangible assets for each of the next five years and thereafter as of March 31, 2024 is as follows:
In-Place Tenant Lease Intangible AssetsOther Lease Intangibles
2024 (remaining)$5,379 $2,290 
20257,172 3,054 
20267,172 3,054 
20277,172 3,054 
20287,172 3,054 
20297,172 3,054 
Thereafter42,741 31,547 
Total $83,980 $49,107 
As of March 31, 2024 and December 31, 2023, the gross carrying amount of the Company’s below market lease intangibles was $3,085, with accumulated amortization of $283 and $222, respectively. The below market lease intangibles, net of accumulated amortization, are included in Other liabilities within our Condensed Consolidated Balance Sheet.