Intangibles (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of intangible assets and liabilities

The following table summarizes the Company’s intangible assets and liabilities:

	As of December 31, 2021						As of December 31, 2020
	Gross Asset (Liability)		Accumulated (Amortization)/ Accretion		Net Carrying Amount		Gross Asset (Liability)		Accumulated (Amortization)/ Accretion		Net Carrying Amount
thousands
Intangible Assets:
Other intangibles (a)	$	34,123	$	(5,834)	$	28,289	$	9,251	$	(2,991)	$	6,260
Goodwill	1,307		—		1,307		1,307		—		1,307
Indefinite lived intangibles (a)	157		—		157		25,028		—		25,028
Tenant leases:
In-place value	63,249		(19,024)		44,225		63,584		(14,423)		49,161
Above-market	1,951		(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

Schedule of future net amortization and accretion expense

Future net amortization and accretion expense is estimated for each of the five succeeding years as shown below:

thousands	2022		2023		2024		2025		2026
Net amortization and accretion expense	$	7,464	$	7,076	$	7,080	$	7,240	$	7,212