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Intangible Assets and Liabilities
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND LIABILITIES INTANGIBLE ASSETS AND LIABILITIES
At June 30, 2022 and December 31, 2021, intangible assets included the following (in thousands):
20222021
In-place leases, net of accumulated amortization of $129,933 and $134,930
in 2022 and 2021, respectively
$115,148 $129,538 
Below-market ground lease, net of accumulated amortization of $1,660 and
$1,449 in 2022 and 2021, respectively
17,593 17,804 
Above-market rents, net of accumulated amortization of $24,097 and $25,423
in 2022 and 2021, respectively
17,135 19,537 
      Goodwill1,674 1,674 
$151,550 $168,553 

At June 30, 2022 and December 31, 2021, intangible liabilities included the following (in thousands):
20222021
Below-market rents, net of accumulated amortization of $48,426 and $55,079 in 2022 and 2021, respectively
$57,327 $63,223 


Aggregate net amortization expense related to intangible assets and liabilities for the three and six months ended June 30, 2022 was $5.5 million and $11.1 million, respectively. Aggregate net amortization expense related to intangible assets and liabilities for the three and six months ended June 30, 2021 was $8.3 million and $16.3 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
Below-Market Ground LeaseAbove-Market RentsBelow-Market
Rents
2022 (six months)$12,775 $200 $2,144 $(5,116)
202323,101 400 3,771 (9,629)
202419,116 400 3,009 (8,908)
202515,387 400 2,015 (8,347)
202612,097 400 1,592 (6,594)
Thereafter32,672 15,793 4,604 (18,733)
$115,148 $17,593 $17,135 $(57,327)
The carrying amount of goodwill did not change during the three and six months ended June 30, 2022 and 2021.