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Acquired Lease Intangibles (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Lease Intangibles
Summary of our Acquired Lease Intangibles

(In thousands)December 31, 2023December 31, 2022
Above-market tenant leases$4,541 $4,968 
Above-market tenant leases - accumulated amortization(2,430)(2,309)
Above-market ground lease where we are the lessor1,152 1,152 
Above-market ground lease - accumulated amortization(292)(275)
Acquired lease intangible assets, net$2,971 $3,536 
Below-market tenant leases$48,008 $64,851 
Below-market tenant leases - accumulated accretion(28,170)(33,487)
Acquired lease intangible liabilities, net$19,838 $31,364 
Schedule of Net Amortization or Accretion of Above- and Below-Market Leases
The table below summarizes the net amortization/accretion related to our above- and below-market leases:
 Year Ended December 31,
(In thousands)202320222021
Net accretion of above- and below-market tenant lease assets and liabilities(1)
$10,978 $11,272 $9,558 
Amortization of an above-market ground lease asset(2)
(17)(17)(17)
Total$10,961 $11,255 $9,541 
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(1)    Recorded as a net increase to office and multifamily rental revenues.
(2)    Recorded as a decrease to office parking and other income.
Schedule of Estimated Future Net Accretion
The table below presents the future net accretion related to our above- and below-market leases at December 31, 2023.
Year ending December 31:Net increase to revenues
(In thousands)
2024$7,914 
20255,359 
20262,574 
20271,323 
2028769 
Thereafter(1,072)
Total$16,867