Acquired Intangible Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets

	Balance as of
(Amounts in thousands)	June 30, 2020		December 31, 2019
Real Estate Intangibles:
Customer relationship value:
Gross amount (1)	$	2,884,655	$	1,845,949
Accumulated amortization		(480,114)		(400,570)
Net	$	2,404,541	$	1,445,379
Acquired in-place lease value:
Gross amount	$	1,369,391	$	1,357,190
Accumulated amortization		(947,948)		(899,071)
Net	$	421,443	$	458,119
Acquired above-market leases:
Gross amount	$	276,626	$	279,048
Accumulated amortization		(219,091)		(204,233)
Net	$	57,535	$	74,815
Acquired below-market leases:
Gross amount	$	396,842	$	396,509
Accumulated amortization		(256,991)		(247,735)
Net	$	139,851	$	148,774

(1) Balance as of June 30, 2020 includes amounts from Interxion Combination (see Note 3).

Schedule of Estimated Annual Amortization of Below Market Leases

(Amounts in thousands)
Remainder of 2020	$	(4,165)
2021		(3,403)
2022		4,809
2023		9,575
2024		10,227
Thereafter		65,273
Total	$	82,316

Schedule of Estimated Annual Amortization of Customer Relationship Value

(Amounts in thousands)
Remainder of 2020	$	94,664
2021		188,523
2022		187,751
2023		187,083
2024		186,503
Thereafter		1,560,017
Total	$	2,404,541

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

(Amounts in thousands)
Remainder of 2020	$	45,816
2021		79,190
2022		59,544
2023		48,431
2024		41,333
Thereafter		147,129
Total	$	421,443