XML 22 R12.htm IDEA: XBRL DOCUMENT v3.22.2
Other Assets and Intangibles, net
6 Months Ended
Jun. 30, 2022
Other Assets [Abstract]  
Other Assets and Intangibles, net
5.
Other Assets and Intangibles, net

Other assets and intangibles consist of the following (in thousands):

 

June 30, 2022

 

 

December 31, 2021

 

Intangible assets:

 

 

 

 

 

In-place leases, net

$

73,320

 

 

$

64,464

 

Above-market leases, net

 

8,267

 

 

 

7,390

 

Lease origination costs, net

 

8,964

 

 

 

6,636

 

Tenant relationships, net

 

13,559

 

 

 

15,569

 

Total intangible assets, net(A)

 

104,110

 

 

 

94,059

 

Operating lease ROU assets

 

18,187

 

 

 

19,047

 

Other assets:

 

 

 

 

 

Prepaid expenses

 

8,755

 

 

 

7,722

 

Other assets

 

3,196

 

 

 

1,708

 

Deposits

 

3,108

 

 

 

3,796

 

Deferred charges, net

 

8,607

 

 

 

4,147

 

Total other assets, net

$

145,963

 

 

$

130,479

 

 

 

 

 

 

 

Below-market leases, net (other liabilities)

$

63,575

 

 

$

59,690

 

(A)
The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $7.0 million and $5.4 million for the three months ended June 30, 2022 and 2021, respectively and $13.6 million and $11.0 million for the six months ended June 30, 2022 and 2021, respectively.