Intangible Assets and Liabilities

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Liabilities

Intangible Assets and Liabilities

The Company has several types of intangible assets and liabilities included in its Consolidated Balance Sheets, including goodwill, debt issuance costs, above-, below-, and at-market lease intangibles, and customer relationship intangibles. For additional detail on the Company's debt issuance costs, see Note 9 to the Consolidated Financial Statements. The Company’s intangible assets and liabilities, including assets held for sale and excluding debt issuance costs, as of December 31, 2021 and 2020 consisted of the following:

	GROSS BALANCE at December 31,				ACCUMULATED AMORTIZATION at December 31,				WEIGHTED AVG. REMAINING LIFE in years	BALANCE SHEET CLASSIFICATION
Dollars in millions	2021		2020		2021		2020
Goodwill	$	3.5	$	3.5	$	—	$	—	N/A	Other assets, net
Credit facility debt issuance costs	5.1		5.1		3.3		2.0		1.4	Other assets, net
Above-market lease intangibles (lessor)	7.0		4.2		2.0		1.6		4.7	Other assets, net
Customer relationship intangibles (lessor)	2.1		4.1		0.9		1.7		55.9	Other assets, net
Below-market lease intangibles (lessor)	(10.1)		(9.0)		(5.1)		(4.4)		7.3	Other liabilities
At-market lease intangibles	213.0		174.4		77.5		63.7		7.9	Real estate properties
	$	220.6	$	182.3	$	78.6	$	64.6	8.1

For the years ended December 31, 2021 and 2020, the Company recognized approximately $33.7 million and $29.7 million of intangible amortization expense, respectively.

The following table represents expected amortization over the next five years of the Company’s intangible assets and liabilities in place as of December 31, 2021:

Dollars in millions	FUTURE AMORTIZATION OF INTANGIBLES, NET
2022	$	35.5
2023	30.6
2024	23.1
2025	16.7
2026	10.6