Identified Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Identified Intangible Assets and Intangible Liabilities

The following summarizes our identified intangible assets (primarily above-market leases) and liabilities (primarily below-market leases).

(Amounts in thousands)	Balance as of
	March 31, 2021		December 31, 2020
Identified intangible assets:
Gross amount	$	112,898	$	116,969
Accumulated amortization	(90,508)		(93,113)
Total, net	$	22,390	$	23,856
Identified intangible liabilities (included in deferred revenue):
Gross amount	$	272,337	$	273,902
Accumulated amortization	(240,283)		(238,541)
Total, net	$	32,054	$	35,361

Schedule of Future Amortization Expense of Intangible Assets

Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2022 is as follows:

(Amounts in thousands)
2022	$	9,160
2023	6,620
2024	2,872
2025	1,444
2026	801

Estimated annual amortization of all other identified intangible assets including acquired in-place leases for each of the five succeeding years commencing January 1, 2022 is as follows:

(Amounts in thousands)
2022	$	3,707
2023	3,620
2024	3,006
2025	2,132
2026	1,982