INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2019

Intangibles [Abstract]

Schedule of Intangibles

The following is a summary of our intangibles as of December 31, 2019 and 2018:

	December 31,
	2019			2018
	(in thousands)
Assets:
Goodwill	$	644,415	$	643,950
Above market leases	$	49,240	$	22,410
Accumulated amortization		(21,227)		(19,203)
Net intangible assets	$	28,013	$	3,207
Liabilities:
Below market leases	$	147,292	$	143,669
Accumulated amortization		(87,154)		(79,226)
Net intangible liabilities	$	60,138	$	64,443

Schedule of Reconciliation of Goodwill

The following is a summary of our goodwill:

	(in thousands)
Balance as of December 31, 2017	$	644,690
Less: foreign currency translation		(740)
Balance as of December 31, 2018		643,950
Add: foreign currency translation		465
Balance as of December 31, 2019	$	644,415