Identified Intangible Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Finite-Lived Intangible Assets [Line Items]

Identifiable Intangible Assets And Liabilities Associated With Acquisition Of Property

Identified intangible assets and liabilities associated with our property acquisitions are as follows (in thousands):

	December 31,
	2020		2019
Identified Intangible Assets:
Above-market leases (included in Other Assets, net)	$	23,877	$	23,830
Above-market leases - Accumulated Amortization		(12,551)		(12,145)
In place leases (included in Unamortized Lease Costs, net)		235,082		196,207
In place leases - Accumulated Amortization		(102,772)		(92,918)
	$	143,636	$	114,974
Identified Intangible Liabilities:
Below-market leases (included in Other Liabilities, net)	$	92,855	$	95,240
Below-market leases - Accumulated Amortization		(34,647)		(32,326)
Above-market assumed mortgages (included in Debt, net)		7,694		3,446
Above-market assumed mortgages - Accumulated Amortization		(2,408)		(1,987)
	$	63,494	$	64,373

Schedule of Acquired Finite-Lived Intangible Assets And Liabilities And Remaining Weighted-Average Amortization Period

The following table details the identified intangible assets and liabilities and the remaining weighted-average amortization period associated with our asset acquisitions in 2020 and 2019 as follows:

	December 31,
	2020		2019
Identified intangible assets and liabilities subject to amortization (in thousands):
Assets:
In place leases	$	48,562	$	30,253
Above-market leases		1,901		1,323
Liabilities:
Below-market leases		5,205		13,762
Above-market assumed mortgages		4,249		—
Identified intangible assets and liabilities remaining weighted-average amortization period (in years):
Assets:
In place leases		7.8		11.0
Above-market leases		7.1		7.2
Liabilities:
Below-market leases		7.8		13.5
Above-market assumed mortgages		8.3		—

Above-Market and Below-Market Leases [Member]

Finite-Lived Intangible Assets [Line Items]

Identifiable Intangible Assets And Liabilities Associated With Acquisition Of Property

The estimated net amortization of these intangible assets and liabilities will increase rental revenues for each of the next five years as follows (in thousands):

2021	$	4,691
2022		4,357
2023		4,172
2024		4,032
2025		3,234

Leases, Acquired-in-Place [Member]

Finite-Lived Intangible Assets [Line Items]

Schedule Of Future Amortization

The estimated amortization of these intangible assets will increase depreciation and amortization for each of the next five years as follows (in thousands):

2021	$	19,580
2022		17,103
2023		15,549
2024		13,491
2025		12,204

Above-Market Assumed Mortgages [Member]

Finite-Lived Intangible Assets [Line Items]

Schedule of Future Amortization

The estimated net amortization of these intangible liabilities will decrease net interest expense for each of the next five years as follows (in thousands):

2021	$	789
2022		643
2023		638
2024		638
2025		638