Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 8 -- Intangible Assets, Net

The Company’s intangible assets, net consist of the following:

	March 31,			December 31,
	2023			2022
Anchor tenant relationships (a)	$	—		$	1,761
In-place leases		410			3,579
Policy renewal rights		10,100			10,100
Non-compete agreements (b)		314			314
Total, at cost		10,824			15,754
Less: accumulated amortization		(3,138	)		(5,176	)
Intangible assets, net	$	7,686		$	10,578

(a)An anchor tenant is a tenant that attracts more customers than other tenants.

(b)Fully amortized.

The remaining weighted-average amortization periods for the intangible assets as of March 31, 2023 are summarized in the table below:

In-place leases	12.1 years
Policy renewal rights	3.1 years

In connection with the sales of the retail shopping center investment properties in Melbourne, Florida and Sorrento, Florida as described in Note 5 -- “Investments” under Real Estate Investments, the Company derecognized $2,200 of intangible assets, net on March 31, 2023.

At March 31, 2023 and December 31, 2022, contingent liabilities related to renewal rights intangible assets were $371 and are included in other liabilities on the consolidated balance sheets.