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Intangibles
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles
6. Intangibles

The following table summarizes the Company’s intangible assets and liabilities:
 As of December 31, 2021As of December 31, 2020
Gross Asset (Liability)Accumulated (Amortization)/ AccretionNet Carrying AmountGross Asset (Liability)Accumulated (Amortization)/ AccretionNet Carrying Amount
 
thousands
Intangible Assets:      
Other intangibles (a)$34,123 $(5,834)$28,289 $9,251 $(2,991)$6,260 
Goodwill1,307 — 1,307 1,307 — 1,307 
Indefinite lived intangibles (a)157 — 157 25,028 — 25,028 
Tenant leases:
In-place value63,249 (19,024)44,225 63,584 (14,423)49,161 
Above-market1,951 (1,790)161 1,985 (1,670)315 
Below-market(4,729)3,539 (1,190)(4,839)3,198 (1,641)
Total indefinite lived intangibles$1,464 $26,335 
Total amortizing intangibles$71,485 $54,095 
(a)Following the 2021 restructuring of Minor League Baseball, the intangible asset associated with the Company’s Las Vegas Aviators Triple-A professional baseball team was treated as an amortizing intangible and no longer accounted for as an indefinite lived intangible.

The tenant in-place, above-market and below-market lease intangible assets resulted from real estate acquisitions. The in‑place value and above-market value of tenant leases are included in Prepaid expenses and other assets, net and are amortized over periods that approximate the related lease terms. The below‑market tenant leases are included in Accounts payable and accrued expenses and are amortized over the remaining non‑cancelable terms of the respective leases. See Note 5 - Other Assets and Liabilities for additional information regarding Prepaid expenses and other assets, net and Accounts payable and accrued expenses.

Net amortization and accretion expense for these intangible assets and liabilities was $7.5 million in 2021, $5.8 million in 2020 and $2.1 million in 2019.

Future net amortization and accretion expense is estimated for each of the five succeeding years as shown below:
thousands20222023202420252026
Net amortization and accretion expense$7,464 $7,076 $7,080 $7,240 $7,212