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Intangibles (Tables)
9 Months Ended
Sep. 30, 2020
Intangibles [Abstract]  
Schedule of Intangible Lease Assets
Intangible assets primarily consist of lease-up intangibles and above market tenant lease intangibles. The following table summarizes the Company’s intangible lease assets (dollars in thousands):
Intangible lease assetsSeptember 30,
2020
December 31,
2019
Gross intangible lease assets$722,259 $615,538 
Accumulated depreciation and amortization(220,676)(283,845)
Intangible assets, net(1)
$501,583 $331,693 
Weighted average remaining amortization period in years65
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(1)Excludes intangible assets held for sale of $14 million and $11 million as of September 30, 2020 and December 31, 2019, respectively.
Schedule of Intangible Lease Liabilities
Intangible liabilities consist of below market lease intangibles. The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):
Intangible lease liabilitiesSeptember 30,
2020
December 31,
2019
Gross intangible lease liabilities$153,624 $113,213 
Accumulated depreciation and amortization(45,593)(38,222)
Intangible liabilities, net$108,031 $74,991 
Weighted average remaining amortization period in years87