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Identified Intangible Assets and Liabilities
 3 Months Ended
Mar. 31, 2022
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
March 31, 2022December 31, 2021
Identified intangible assets:
Gross amount$249,276 $252,081 
Accumulated amortization(99,663)(97,186)
Total, net$149,613 $154,895 
Identified intangible liabilities (included in deferred revenue):
Gross amount$255,303 $256,065 
Accumulated amortization(213,558)(212,245)
Total, net$41,745 $43,820 
Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $917,000 and $3,166,000 for the three months ended March 31, 2022 and 2021, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2023 is below:
(Amounts in thousands)Acquired below (above) market leases, net
2023$5,359 
20242,264 
2025844 
2026649 
2027(119)
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $4,125,000 and $1,326,000 for the three months ended March 31, 2022 and 2021, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2023 is below:
(Amounts in thousands)Other identified intangible assets
2023$8,267 
20247,431 
20256,332 
20266,193 
20275,590