XML 37 R20.htm IDEA: XBRL DOCUMENT v3.25.1
Identified Intangible Assets and Liabilities
 3 Months Ended
Mar. 31, 2025
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
March 31, 2025December 31, 2024
Identified intangible assets:
Gross amount$193,217 $193,217 
Accumulated amortization(76,937)(75,002)
Total, net$116,280 $118,215 
Identified intangible liabilities (included in other liabilities):
Gross amount$134,499 $134,499 
Accumulated amortization(111,556)(110,982)
Total, net$22,943 $23,517 
Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $88,000 and $693,000 for the three months ended March 31, 2025 and 2024, respectively.
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $1,451,000 and $1,711,000 for the three months ended March 31, 2025 and 2024, respectively.