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Acquired In-Place Leases (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block] The following is a summary of our acquired lease assets and liabilities:
December 31, 2023December 31, 2022
CostAccumulated AmortizationCostAccumulated Amortization
(in thousands)
Above market leases, lessor$45,726 $(35,209)$45,737 $(33,892)
Below market leases, lessee28,101 (5,411)34,604 (5,847)
    Total$73,827 $(40,620)$80,341 $(39,739)
Below market leases, lessor$(269,268)$104,072 $(267,910)$91,989 
Above market leases, lessee(11,127)3,771 (11,127)3,208 
    Total$(280,395)$107,843 $(279,037)$95,197 
Finite-lived Intangible Assets Amortization Expense [Table Text Block] The following is a summary of acquired lease amortization:
Year Ended December 31,
202320222021
(in thousands)
Amortization of above market leases, lessor$(3,254)$(3,437)$(3,150)
Amortization of below market leases, lessor15,864 14,543 11,897 
    Net increase in rental income$12,610 $11,106 $8,747 
Amortization of below market leases, lessee$742 $828 $828 
Amortization of above market leases, lessee(563)(554)(538)
    Net increase in rental expense$179 $274 $290 
The following is a summary of the remaining weighted average amortization period for our acquired lease assets and acquired lease liabilities:
December 31, 2023
Above market leases, lessor2.8 years
Below market leases, lessee31.0 years
Below market leases, lessor16.9 years
Above market leases, lessee18.1 years
Amortization for acquired in-place leases during the next five years and thereafter
The amortization for acquired leases during the next five years and thereafter, assuming no early lease terminations, is as follows:
Acquired Lease AssetsAcquired Lease Liabilities
 (In thousands)
Year ending December 31,
2024$3,478 $15,291 
20252,409 11,860 
20262,143 11,392 
20271,849 10,895 
20281,474 10,105 
Thereafter21,854 113,009 
$33,207 $172,552