Intangible Assets and Below Market Lease Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Total Intangible Assets and Below Market Lease Liabilities

The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:

	September 30, 2024		December 31, 2023
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$	386,111	$	401,621
Less accumulated amortization	(172,702)		(175,697)
	$	213,409	$	225,924
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	37,491	$	50,842
Less accumulated amortization	(20,449)		(30,416)
	$	17,042	$	20,426

Amortization of Intangible Assets and Below Market Lease Liabilities

The following table sets forth amortization of intangible assets and below market lease liabilities:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	11,370	$	10,696	$	30,999	$	32,409
Amortization of lease incentives (in rental and other revenues)	$	643	$	655	$	1,886	$	1,983
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	768	$	823	$	2,364	$	2,523
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(1,110)	$	(1,260)	$	(3,384)	$	(3,794)

Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities

The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

	Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)		Amortization of Lease Incentives (in Rental and Other Revenues)		Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues)		Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
October 1 through December 31, 2024	$	9,864	$	624	$	702	$	(856)
2025	34,339		2,194		2,210		(2,727)
2026	30,020		2,002		1,861		(2,431)
2027	26,277		1,768		1,520		(2,062)
2028	22,315		1,518		1,404		(1,648)
Thereafter	65,764		4,840		4,187		(7,318)
	$	188,579	$	12,946	$	11,884	$	(17,042)
Weighted average remaining amortization periods as of September 30, 2024 (in years)	7.2		7.7		6.9		8.1