Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets on the balance sheets as of June 30, 2020 and December 31, 2019 included the following (in thousands):

	2020		2019
In-place leases, net of accumulated amortization of $192,808 and $163,867 in 2020 and 2019, respectively	$	173,818	$	202,760
Above-market tenant leases, net of accumulated amortization of $30,991 and $26,487 in 2020 and 2019, respectively	31,196		35,699
Below-market ground lease, net of accumulated amortization of $1,035 and $897 in 2020 and 2019, respectively	17,378		17,516
Goodwill	1,674		1,674
	$	224,066	$	257,649

Aggregate amortization of intangible assets and liabilities

Over the next five years and thereafter aggregate amortization of these intangible assets and liabilities is anticipated to be as follows (in thousands):

	Below Market Rents		Above Market Ground Lease		Below Market Ground Lease		Above Market Rents		In Place Leases
2020 (six months)	$	(8,865)	$	(23)	$	138	$	3,673	$	24,997
2021	(14,139)		(46)		276		6,600		39,932
2022	(11,047)		(46)		276		5,230		27,979
2023	(9,360)		(46)		276		4,182		22,820
2024	(8,143)		(46)		276		3,294		17,920
Thereafter	(19,356)		(1,443)		16,136		8,217		40,170
	$	(70,910)	$	(1,650)	$	17,378	$	31,196	$	173,818