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Intangible Assets and Liabilities
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Liabilities Intangible Assets and Liabilities
The Company has deferred financing costs and various real estate acquisition lease intangibles included in its Consolidated Balance Sheets as of December 31, 2020 and 2019 as detailed in the table below. The Company did not have any indefinite lived intangible assets or liabilities as of December 31, 2020 and 2019.
Gross Balance at
December 31,
Accumulated Amortization at December 31,Weighted
Average
(Dollars in thousands)2020201920202019Remaining
Life (Years)
Balance Sheet Classification
Deferred financing costs-Revolving Credit Facility$2,395 $2,395 $1,916 $1,703 2.3Other assets
Deferred financing costs-Term Loans1,378 1,378 637 419 4.3Debt, net
Deferred financing costs-Mortgage Note Payable108 108 41 22 3.3Debt, net
Above-market lease intangibles812 262 195 118 37.3Other assets
Below-market lease intangibles(1,956)(1,453)(1,343)(682)2.4Other liabilities
At-market lease intangibles76,461 64,859 49,025 40,779 5.2Real estate properties
Total intangibles$79,198 $67,549 $50,471 $42,359 5.5
For the years ended December 31, 2020, 2019 and 2018, the Company recognized approximately $8.1 million, $9.2 million, and $9.9 million, respectively, of net intangible amortization expense, which is included in rental income, interest expense and depreciation and amortization on the Company's Consolidated Statements of Income.

Expected future amortization, net, for the next five years of the Company's intangible assets and liabilities, in place as of December 31, 2020 are included in the table below.
(in thousands)Amortization, net
2021$8,087 
20226,513 
20234,768 
20243,710 
20252,384