XML 40 R23.htm IDEA: XBRL DOCUMENT v3.24.3
Identified Intangible Assets and Liabilities
 9 Months Ended
Sep. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Identified Intangible Assets and Liabilities Identified Intangible Assets and Liabilities
The following summarizes our identified intangible assets (primarily in-place and above-market leases) and liabilities (primarily below-market leases).
(Amounts in thousands)Balance as of
September 30, 2024December 31, 2023
Identified intangible assets:
Gross amount$196,475 $225,671 
Accumulated amortization(76,223)(98,589)
Total, net$120,252 $127,082 
Identified intangible liabilities (included in deferred revenue):
Gross amount$141,831 $206,771 
Accumulated amortization(117,637)(178,282)
Total, net$24,194 $28,489 
Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $932,000 and $1,356,000 for the three months ended September 30, 2024 and 2023, respectively, and $2,842,000 and $4,083,000 for the nine months ended September 30, 2024 and 2023, respectively.
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $1,678,000 and $1,942,000 for the three months ended September 30, 2024 and 2023, respectively, and $5,378,000 and $5,914,000 for the nine months ended September 30, 2024 and 2023, respectively.