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Intangible Assets and Liabilities
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND LIABILITIES INTANGIBLE ASSETS AND LIABILITIES
At September 30, 2022 and December 31, 2021, intangible assets included the following (in thousands):
20222021
In-place leases, net of accumulated amortization of $129,771 and $134,930
in 2022 and 2021, respectively
$107,874 $129,538 
Below-market ground lease, net of accumulated amortization of $1,760 and
$1,449 in 2022 and 2021, respectively
17,493 17,804 
Above-market rents, net of accumulated amortization of $24,644 and $25,423
in 2022 and 2021, respectively
16,080 19,537 
      Goodwill1,674 1,674 
$143,121 $168,553 

At September 30, 2022 and December 31, 2021, intangible liabilities included the following (in thousands):
20222021
Below-market rents, net of accumulated amortization of $47,468 and $55,079 in 2022 and 2021, respectively
$54,734 $63,223 


Aggregate net amortization expense related to intangible assets and liabilities for the three and nine months ended September 30, 2022 was $5.8 million and $16.9 million, respectively. Aggregate net amortization expense related to intangible assets and liabilities for the three and nine months ended September 30, 2021 was $8.2 million and $24.6 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 (three months)$5,813 $100 $1,025 $(2,435)
202321,652 400 3,742 (9,355)
202419,203 400 3,045 (8,947)
202515,499 400 2,050 (8,393)
202612,212 400 1,626 (6,640)
Thereafter33,495 15,793 4,592 (18,964)
$107,874 $17,493 $16,080 $(54,734)