Lease Intangibles (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Liabilities Included in Other Assets and Accounts Payable and Other Liabilities

Intangible assets and liabilities are included in Other assets, net and Accounts payable and other liabilities (Note 5) on the consolidated balance sheet and summarized as follows (in thousands):

	September 30, 2022									December 31, 2021
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Amortizable Intangible Assets
In-place lease intangible assets	$	303,140		$	(199,808	)	$	103,332		$	290,819		$	(189,981	)	$	100,838
Above-market rent		24,064			(16,776	)		7,288			24,191			(16,111	)		8,080
	$	327,204		$	(216,584	)	$	110,620		$	315,010		$	(206,092	)	$	108,918
Amortizable Intangible Liabilities
Below-market rent	$	(181,202	)	$	101,018		$	(80,184	)	$	(171,245	)	$	94,871		$	(76,374	)
Above-market ground lease		(671	)		311			(360	)		(671	)		267			(404	)
	$	(181,873	)	$	101,329		$	(80,544	)	$	(171,916	)	$	95,138		$	(76,778	)

Scheduled Amortization of Acquired Lease Intangible Assets and Assumed Liabilities

The scheduled amortization of acquired lease intangible assets and assumed liabilities as of September 30, 2022 is as follows (in thousands):

Years Ending December 31,	Net Increase in Lease Revenues		Increase to Amortization			Reduction of Rent Expense		Net (Expense) Income
2022 (Remainder)	$	1,688	$	(9,484	)	$	15	$	(7,781	)
2023		6,397		(31,875	)		58		(25,420	)
2024		6,209		(23,616	)		58		(17,349	)
2025		5,792		(17,184	)		58		(11,334	)
2026		5,440		(12,920	)		58		(7,422	)
Thereafter		47,370		(8,253	)		113		39,230
Total	$	72,896	$	(103,332	)	$	360	$	(30,076	)