Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

At December 31, 2020 and 2019, intangible assets included the following ($ in thousands):


	2020			2019
In-place leases, net of accumulated amortization of $212,413 and $163,867 in 2020 and 2019, respectively	$	145,290	$	$	202,760
Above-market tenant leases, net of accumulated amortization of $33,548 and $26,487 in 2020 and 2019, respectively	24,960			35,699
Below-market ground lease, net of accumulated amortization of $1,173 and $897 in 2020 and 2019, respectively	17,240			17,516
Goodwill	1,674			1,674
	$	189,164		$	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		Total
2021	$	(14,616)	$	(46)	$	276	$	5,927	$	38,405	$	29,946
2022	(11,677)		(46)		276		4,807		27,348		20,708
2023	(10,040)		(46)		276		3,921		22,537		16,648
2024	(8,929)		(46)		276		3,063		17,689		12,053
2025	(8,197)		(46)		276		2,011		13,701		7,745
Thereafter	(14,760)		(1,397)		15,860		5,231		25,610		30,544
	$	(68,219)	$	(1,627)	$	17,240	$	24,960	$	145,290	$	117,644
Weighted average remaining lease term	7 years		35 years		64 years		7 years		6 years		10 years