Acquired Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2021

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets and Liabilities

(Amounts in thousands)
	Balance as of
	September 30, 2021						December 31, 2020
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationship value	$	2,930,218	$	(697,471)	$	2,232,747	$	2,993,093	$	(570,886)	$	2,422,207
Acquired in-place lease value		1,338,554		(1,025,673)		312,881		1,382,563		(1,004,421)		378,142
Other		76,432		(12,904)		63,528		57,370		(7,107)		50,263
Acquired above-market leases		274,365		(248,085)		26,280		280,216		(236,923)		43,293
Acquired below-market leases		(382,237)		269,599		(112,638)		(401,539)		270,648		(130,891)

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets

(Amounts in thousands)
		Customer relationship value		Acquired in-place lease value		Other (1)		Acquired above-market leases		Acquired below-market leases
Remainder of 2021	$	43,556	$	18,376	$	2,055	$	4,691	$	(4,487)
2022		173,452		58,514		8,222		11,209		(15,934)
2023		172,784		47,606		1,484		4,759		(14,249)
2024		172,204		40,948		—		2,584		(12,637)
2025		171,702		35,723		—		1,452		(10,741)
Thereafter		1,499,049		111,714		—		1,585		(54,590)
Total	$	2,232,747	$	312,881	$	11,761	$	26,280	$	(112,638)

(1) Excludes power grid rights in the amount of approximately $51.8 million that are currently not being amortized. Amortization of these assets will begin once the data centers associated with the power grid rights are placed into service.