XML 47 R26.htm IDEA: XBRL DOCUMENT v3.22.0.1
Identified Intangible Assets and Liabilities
 12 Months Ended
Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Identified Intangible Assets and Liabilities Identified Intangible Assets and Liabilities
The following summarizes our identified intangible assets (primarily above-market leases) and liabilities (primarily below-market leases).
(Amounts in thousands)Balance as of December 31,
 20212020
Identified intangible assets:  
Gross amount$252,081 $116,969 
Accumulated amortization(97,186)(93,113)
Total, net$154,895 $23,856 
Identified intangible liabilities (included in deferred revenue):
Gross amount$256,065 $273,902 
Accumulated amortization(212,245)(238,541)
Total, net $43,820 $35,361 
Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $9,249,000, $16,878,000 and $19,830,000 for the years ended December 31, 2021, 2020 and 2019, respectively. Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2022 is as follows:
(Amounts in thousands) 
2022$5,531 
20235,151 
20242,056 
2025843 
2026201 
 
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $7,330,000, $6,507,000 and $8,666,000 for the years ended December 31, 2021, 2020 and 2019, respectively. Estimated annual amortization of all other identified intangible assets including acquired in-place leases for each of the five succeeding years commencing January 1, 2022 is as follows:
(Amounts in thousands) 
2022$9,805 
20238,743 
20247,906 
20256,330 
20266,136