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Intangible Assets, Liabilities, and Deferred Leasing Costs
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Liabilities, and Deferred Leasing Costs Intangible Assets, Liabilities, and Deferred Leasing Costs
The following table summarizes the Company’s identified intangible assets, liabilities, and deferred leasing costs as of December 31, 2020 and 2019:
As of December 31,
20202019
Intangible assets:
In-place leases$146,484 $158,002 
Above-market leases15,124 16,625 
Intangible assets161,608 174,627 
Accumulated amortization:
In-place leases(58,571)(51,471)
Above-market leases(7,315)(6,796)
Accumulated amortization(65,886)(58,267)
Intangible assets, net$95,722 $116,360 
Intangible liabilities:
Below-market leases$64,963 $69,161 
Accumulated amortization(30,091)(26,519)
Intangible liabilities, net$34,872 $42,642 
Deferred leasing costs:
Leasing costs$15,029 $14,806 
Accumulated amortization(4,298)(3,896)
Deferred leasing costs, net$10,731 $10,910 

The following table provides a summary of the amortization related to intangible assets, liabilities, and deferred leasing costs for the years ended December 31, 2020, 2019 and 2018:
Year ended December 31,
202020192018
Intangible assets:
In-place leases$22,994 $24,601 $22,523 
Above-market leases2,446 2,613 3,036 
Amortization of intangible assets$25,440 $27,214 $25,559 
Intangible liabilities:
Amortization of below-market leases$9,468 $8,736 $8,570 
Deferred leasing costs:
Amortization of deferred leasing costs$1,913 $2,311 $2,036 
The following table provides a summary of the amortization during the next five years and thereafter related to deferred costs and intangible assets and liabilities as of December 31, 2020:
Year ending December 31,In-place leasesAbove market leasesDeferred leasing costsBelow market leases
2021$17,054 $1,804 $2,842 $6,276 
202213,151 1,304 1,619 4,798 
202311,124 1,079 1,389 3,697 
20249,551 834 1,114 2,993 
20258,331 627 978 2,558 
Thereafter28,702 2,161 2,789 14,550 
Total$87,913 $7,809 $10,731 $34,872