Intangibles (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Gross Carrying Amount and Accumulated Amortization of Intangible Assets and Liabilities

The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities consisted of the following ($ in thousands):

	December 31, 2020			December 31, 2019
Intangible assets:
In-place lease intangibles	$	1,094,561		$	811,254
Above-market lease intangibles		49,261			42,483
Other		32,549			26,400
Total intangible assets		1,176,371			880,137
Accumulated amortization:
In-place lease amortization		(407,256	)		(200,629	)
Above-market lease amortization		(20,291	)		(10,977	)
Other		(10,565	)		(3,189	)
Total accumulated amortization		(438,112	)		(214,795	)
Intangible assets, net	$	738,259		$	665,342
Intangible liabilities:
Below-market lease intangibles	$	194,158		$	167,032
Total intangible liabilities		194,158			167,032
Accumulated amortization:
Below-market lease amortization		(65,519	)		(30,078	)
Total accumulated amortization		(65,519	)		(30,078	)
Intangible liabilities, net	$	128,639		$	136,954

Estimated Future Amortization

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of December 31, 2020 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Below-market Lease Intangibles
2021	$	296,157	$	8,333	$	(30,945	)
2022		122,669		6,597		(25,746	)
2023		79,086		4,132		(20,948	)
2024		54,157		2,868		(16,657	)
2025		42,125		2,226		(12,470	)
Thereafter		93,111		4,814		(21,873	)
	$	687,305	$	28,970	$	(128,639	)