Lease Intangibles |
Lease intangibles and the value of assumed lease obligations as of September 30, 2023 and December 31, 2022 were comprised of the following (in thousands):
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Lease Intangible Liabilities |
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Cost |
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$ |
18,786 |
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$ |
76,624 |
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$ |
33,288 |
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$ |
128,698 |
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$ |
(14,968 |
) |
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$ |
(138 |
) |
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$ |
(15,106 |
) |
Accumulated amortization |
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(10,200 |
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(52,519 |
) |
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(18,689 |
) |
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(81,408 |
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6,972 |
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55 |
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7,027 |
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$ |
8,586 |
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$ |
24,105 |
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$ |
14,599 |
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$ |
47,290 |
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$ |
(7,996 |
) |
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$ |
(83 |
) |
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$ |
(8,079 |
) |
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Lease Intangible Liabilities |
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Cost |
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$ |
18,793 |
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$ |
78,720 |
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$ |
34,123 |
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$ |
131,636 |
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$ |
(15,682 |
) |
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$ |
(138 |
) |
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$ |
(15,820 |
) |
Accumulated amortization |
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(9,069 |
) |
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(49,772 |
) |
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(17,357 |
) |
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(76,198 |
) |
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6,618 |
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52 |
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6,670 |
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$ |
9,724 |
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$ |
28,948 |
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$ |
16,766 |
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$ |
55,438 |
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$ |
(9,064 |
) |
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$ |
(86 |
) |
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$ |
(9,150 |
) |
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| The estimated aggregate amortization expense for lease intangibles for the next five years and in the aggregate are as follows (in thousands):
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2023 |
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$ |
2,005 |
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2024 |
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6,687 |
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2025 |
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6,517 |
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2026 |
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6,204 |
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2027 |
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5,217 |
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Thereafter |
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12,581 |
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$ |
39,211 |
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