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OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS
OTHER INTANGIBLE ASSETS

A schedule of our intangible assets and liabilities and related accumulated amortization and accretion as of December 31, 2019 and 2018, is as follows:

 
 
Assets
 
Liabilities
December 31, 2019
 
Acquired Above-Market Leases
 
Acquired
 In-Place Leases
 
Trade Name and License
 
Acquired
 Below-Market Leases
 
 
(in thousands)
Gross balance
 
$
74

 
$
13,653

 
$
2,957

 
$
(3,521
)
Accumulated amortization
 
(42
)
 
(9,382
)
 
—

 
2,239

 
 
$
32

 
$
4,271

 
$
2,957

 
$
(1,282
)
Average useful life (in years)
 
5

 
8

 
Indefinite

 
4


 
 
Assets
 
Liabilities
December 31, 2018
 
Acquired Above-Market Leases
 
Acquired
 In-Place Leases
 
Trade Name and License
 
Acquired
 Below-Market Leases
 
 
(in thousands)
Gross balance
 
$
146

 
$
16,210

 
$
2,957

 
$
(6,618
)
Accumulated amortization
 
(51
)
 
(9,731
)
 
—

 
3,746

 
 
$
95

 
$
6,479

 
$
2,957

 
$
(2,872
)
Average useful life (in years)
 
3

 
8

 
Indefinite

 
4


The amortization of the acquired above-market leases, which decreased rental and other property income, was $63,000, $51,000 and $3,000 for the years ended December 31, 2019, 2018 and 2017, respectively. The amortization of the acquired in-place leases included in depreciation and amortization expense was $2,112,000, $3,691,000 and $808,000 for the years ended December 31, 2019, 2018 and 2017, respectively. Tax abatement amortization included in rental and other property operating expenses was $0, $0 and $276,000 for the years ended December 31, 2019, 2018 and 2017, respectively. The amortization of the acquired below-market ground lease included in rental and other property operating expenses was $0, $0 and $93,000 for the years ended December 31, 2019, 2018 and 2017, respectively. The amortization of the acquired below-market leases included in rental and other property income was $1,590,000, $2,190,000 and $1,066,000 for the years ended December 31, 2019, 2018 and 2017, respectively.








A schedule of future amortization and accretion of acquisition related intangible assets and liabilities as of December 31, 2019, is as follows:

 
 
Assets
 
Liabilities
 
 
Acquired
 
Acquired
 
Acquired
 
 
Above-Market
 
In-Place
 
Below-Market
Years Ending December 31,
 
Leases
 
Leases
 
Leases
 
 
(in thousands)
2020
 
$
9

 
$
1,349

 
$
(701
)
2021
 
5

 
899

 
(347
)
2022
 
5

 
663

 
(234
)
2023
 
6

 
375

 
—

2024
 
6

 
375

 
—

Thereafter
 
1

 
610

 
—

 
 
$
32

 
$
4,271

 
$
(1,282
)