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ACQUIRED IN-PLACE LEASES AND ABOVE/BELOW MARKET LEASES
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
ACQUIRED IN-PLACE LEASES AND ABOVE/BELOW MARKET LEASES ACQUIRED IN-PLACE LEASES AND ABOVE/BELOW MARKET LEASES
The following summarizes our acquired lease intangibles and leasing costs, which are included in other assets and other liabilities and deferred credits, as of March 31, 2024 and December 31, 2023 (in thousands):
March 31, 2024December 31, 2023
In-place leases$51,456 $51,575 
Accumulated amortization(34,011)(32,977)
Above market leases1,724 1,724 
Accumulated amortization(1,668)(1,658)
Acquired lease intangible assets, net$17,501 $18,664 
Below market leases$50,561 $50,624 
Accumulated accretion(34,776)(34,087)
Acquired lease intangible liabilities, net$15,785 $16,537