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Intangible Assets and Liabilities
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND LIABILITIES INTANGIBLE ASSETS AND LIABILITIES
At March 31, 2021 and December 31, 2020, intangible assets included the following (in thousands):
20212020
In-place leases, net of accumulated amortization of $222,779 and $212,413
in 2021 and 2020, respectively
$134,924 $145,290 
Above-market rents, net of accumulated amortization of $35,131 and $33,548
in 2021 and 2020, respectively
23,377 24,960 
Below-market ground lease, net of accumulated amortization of $1,242 and
$1,173 in 2021 and 2020, respectively
17,171 17,240 
      Goodwill1,674 1,674 
$177,146 $189,164 
At March 31, 2021 and December 31, 2020, intangible liabilities included the following (in thousands):
20212020
Below-market rents, net of accumulated amortization of $77,525 and $73,612 in 2021 and 2020, respectively
$64,307 $68,219 
Above-market ground lease, net of accumulated amortization of $366 and $354 in 2021 and 2020, respectively
1,615 1,627 
$65,922 $69,846 
Aggregate net amortization expense related to intangible assets and liabilities for the three months ended March 31, 2021 and March 31, 2020 was $8.0 million and $12.1 million, respectively. Over the next five years and thereafter, aggregate amortization of these intangible assets and liabilities is anticipated to be as follows (in thousands):
In-Place 
Leases		Above-Market
Rents		Below-Market Ground LeaseBelow-Market
Rents		Above-Market
Ground Lease
2021 (nine months)$27,964 $4,340 $207 $(10,623)$(35)
202227,431 4,806 276 (11,755)(46)
202322,527 3,915 276 (10,040)(46)
202417,683 3,061 276 (8,929)(46)
202513,702 2,014 276 (8,197)(46)
Thereafter25,617 5,241 15,860 (14,763)(1,396)
$134,924 $23,377 $17,171 $(64,307)$(1,615)
The carrying amount of goodwill did not change during the three months ended March 31, 2021 and 2020.