Intangibles (Tables)

3 Months Ended

Mar. 31, 2023

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 assets	March 31, 2023		December 31, 2022(1)
Gross intangible lease assets	$	767,224	$	770,285
Accumulated depreciation and amortization	(375,268)		(352,224)
Intangible assets, net	$	391,956	$	418,061
Weighted average remaining amortization period in years	5		5

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(1)Excludes intangible assets reported in assets held for sale of $2 million.

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 liabilities	March 31, 2023		December 31, 2022
Gross intangible lease liabilities	$	236,831	$	237,464
Accumulated depreciation and amortization	(87,227)		(81,271)
Intangible liabilities, net	$	149,604	$	156,193
Weighted average remaining amortization period in years	7		7