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Intangibles
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles
6. Intangibles

The following table summarizes the Company’s intangible assets and liabilities:
 As of December 31, 2023As of December 31, 2022
Gross Asset (Liability)Accumulated (Amortization)/ AccretionNet Carrying AmountGross Asset (Liability)Accumulated (Amortization)/ AccretionNet Carrying Amount
 
thousands
Intangible Assets:      
Other intangibles (a)$34,123 $(12,386)$21,737 $34,123 $(9,110)$25,013 
Indefinite lived intangibles157 — 157 157 — 157 
Tenant leases:
In-place value54,180 (18,690)35,490 57,087 (17,391)39,696 
Above-market292 (261)31 500 (446)54 
Below-market(4,255)3,940 (315)(4,255)3,512 (743)
Total indefinite lived intangibles$157 $157 
Total amortizing intangibles$56,943 $64,020 
(a)Primarily associated with the Company’s Las Vegas Aviators Triple-A professional baseball team

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 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 other liabilities and are amortized over the remaining non-cancelable terms of the respective leases. See Note 5 - Other Assets and Liabilities for additional information regarding Other assets, net and Accounts payable and other liabilities.

Net amortization and accretion expense for these intangible assets and liabilities was $7.1 million in 2023, $7.5 million in 2022, and $7.5 million in 2021.

Future net amortization and accretion expense is estimated for each of the five succeeding years as shown below:
thousands20242025202620272028
Net amortization and accretion expense$7,080 $7,242 $7,208 $6,933 $6,881