Goodwill and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill And Intangible Assets Liabilities Disclosure [Abstract]

Schedule of Goodwill

The following table presents a reconciliation of our goodwill (in thousands):

	Real Estate		Investment Management		Total
Balance at January 1, 2021	$	881,484	$	29,334	$	910,818
Foreign currency translation adjustments	(9,289)		—		(9,289)
Balance at December 31, 2021	872,195		29,334		901,529
Acquisition of CPA:18 – Global (Note 4)	172,346		—		172,346
Foreign currency translation adjustments	(7,129)		—		(7,129)
Impairment charges (Note 10)	—		(29,334)		(29,334)
Balance at December 31, 2022	1,037,412		—		1,037,412
Allocation of goodwill distributed to NLOP (Note 3)	(61,737)		—		(61,737)
Foreign currency translation adjustments	2,614		—		2,614
Balance at December 31, 2023	$	978,289	$	—	$	978,289

Schedule of Intangible Assets and Goodwill

Intangible assets, intangible liabilities, and goodwill are summarized as follows (in thousands):

	December 31,
	2023						2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-Lived Intangible Assets
Internal-use software development costs	$	20,745	$	(19,569)	$	1,176	$	19,812	$	(19,144)	$	668
	20,745		(19,569)		1,176		19,812		(19,144)		668
Lease Intangibles:
In-place lease	2,168,739		(934,138)		1,234,601		2,523,318		(1,061,235)		1,462,083
Above-market rent	706,773		(481,554)		225,219		833,751		(507,436)		326,315
	2,875,512		(1,415,692)		1,459,820		3,357,069		(1,568,671)		1,788,398
Goodwill
Goodwill	978,289		—		978,289		1,037,412		—		1,037,412
Total intangible assets	$	3,874,546	$	(1,435,261)	$	2,439,285	$	4,414,293	$	(1,587,815)	$	2,826,478
Finite-Lived Intangible Liabilities
Below-market rent	$	(203,413)	$	66,541	$	(136,872)	$	(293,160)	$	125,287	$	(167,873)
Indefinite-Lived Intangible Liabilities
Below-market purchase option	—		—		—		(16,711)		—		(16,711)
Total intangible liabilities	$	(203,413)	$	66,541	$	(136,872)	$	(309,871)	$	125,287	$	(184,584)

Schedule of Finite Lived Intangible Assets Future Amortization Expense

Based on the intangible assets and liabilities recorded at December 31, 2023, scheduled annual net amortization of intangibles for each of the next five calendar years and thereafter is as follows (in thousands):

Years Ending December 31,	Net Decrease in Lease Revenues		Increase to Amortization		Total
2024	$	22,580	$	131,143	$	153,723
2025	19,957		117,599		137,556
2026	15,918		107,938		123,856
2027	12,654		102,445		115,099
2028	11,470		92,572		104,042
Thereafter	5,768		684,080		689,848
Total	$	88,347	$	1,235,777	$	1,324,124