Acquired Lease Intangibles (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Net Accumulated Amortization and Accretion

The Company had the following acquired lease intangibles:

	December 31,
(in thousands)	2021			2020
In-place leases	$	443,460		$	414,298
Above-market leases		81,433			59,381
Total intangible assets		524,893			473,679
Accumulated amortization		(312,186	)		(284,880	)
Acquired lease intangible assets, net	$	212,707			188,799
Below-market leases		535,569			523,678
Accumulated amortization		(172,293	)		(145,966	)
Acquired lease intangible liabilities, net	$	363,276			377,712

The following table provides a summary of amortization and net accretion amounts from acquired lease intangibles:

	Year ended December 31,
(in thousands)	2021		2020		2019		Line item in Consolidated Statements of Operations
In-place lease amortization	$	33,621		48,297		60,250	Depreciation and amortization
Above-market lease amortization		5,487		7,658		9,112	Lease income
Acquired lease intangible asset amortization	$	39,108		55,955		69,362
Below-market lease amortization	$	30,378		50,103		54,730	Lease income

Schedule of Future Amortization Expense and Minimum Rent

The estimated aggregate amortization and net accretion amounts from acquired lease intangibles for the next five years are as follows:

(in thousands)
In Process Year Ending December 31,	Amortization of In-place lease intangibles		Net accretion of Above / Below market lease intangibles
2022	$	31,473	$	22,238
2023		25,422		21,126
2024		19,359		19,061
2025		15,736		18,536
2026		12,779		17,939