Acquired Lease Intangibles (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Net Accumulated Amortization and Accretion

The Company had the following acquired lease intangibles as of the periods set forth below:

	December 31,
(in thousands)	2023			2022
In-place leases	$	543,892			452,868
Above-market leases		103,896			82,930
Total intangible assets		647,788			535,798
Accumulated amortization		(364,413	)		(338,053	)
Acquired lease intangible assets, net	$	283,375			197,745
Below-market leases		609,369			547,519
Accumulated amortization		(211,067	)		(193,315	)
Acquired lease intangible liabilities, net	$	398,302			354,204

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

	Year ended December 31,
(in thousands)	2023		2022		2021		Line item in Consolidated Statements of Operations
In-place lease amortization	$	44,102		34,568		33,621	Depreciation and amortization
Above-market lease amortization		6,571		5,828		5,487	Lease income
Acquired lease intangible asset amortization	$	50,673		40,396		39,108
Below-market lease amortization	$	37,831		28,642		30,378	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
2024	$	45,098		22,598
2025		33,012		21,953
2026		26,791		21,216
2027		21,185		20,207
2028		16,764		20,065