Intangible Assets

12 Months Ended

Dec. 31, 2019

Intangible Assets [Abstract]

Intangible Assets

9. Intangible Assets

Intangible assets and related amortization expense were as follows (in thousands):

	As of December 31,
Class	2019		2018
Intangible assets:
Management agreements	$	61,708	$	61,708
Lease premium (1)		—		2,057
		61,708		63,765
Accumulated amortization (1)		(193)		(1,920)
Total intangible assets	$	61,515	$	61,845

(1)Effective with our adoption of ASC 842 “Leases” on January 1, 2019, the lease premium reduced the operating lease assets on the consolidated balance sheet.

Year	Future ‎Amortization ‎Expense
2020	$	83
2021		83
2022		56
	$	222