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Intangible Assets and Below Market Lease Liabilities
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Below Market Lease Liabilities 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:

June 30,
2025
December 31,
2024
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$387,274 $380,279 
Less accumulated amortization(165,665)(170,312)
$221,609 $209,967 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$30,769 $37,482 
Less accumulated amortization(15,999)(21,296)
$14,770 $16,186 

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

Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$9,070 $9,984 $18,074 $19,629 
Amortization of lease incentives (in rental and other revenues)$660 $550 $1,305 $1,243 
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues)$636 $794 $1,234 $1,596 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(665)$(1,130)$(1,417)$(2,274)
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 Above Market Lease Intangible Assets (in Rental and Other Revenues)Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
July 1 through December 31, 2025$19,090 $1,237 $1,197 $(1,309)
202634,494 2,247 2,161 (2,431)
202730,225 2,011 1,680 (2,062)
202826,220 1,801 1,544 (1,649)
202923,431 1,507 1,432 (1,377)
Thereafter62,970 4,782 3,580 (5,942)
$196,430 $13,585 $11,594 $(14,770)
Weighted average remaining amortization periods as of June 30, 2025 (in years)7.27.76.77.7

The following table sets forth the intangible assets acquired as a result of the acquisition of Advance Auto Parts Tower in the first quarter of 2025:

Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues)Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
Amount recorded at acquisition$1,656 $16,445 
Weighted average remaining amortization periods as of June 30, 2025 (in years)8.17.8