Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

At March 31, 2023 and December 31, 2022, intangible assets included the following ($ in thousands):

	2023		2022
In-place leases, net of accumulated amortization of $130,667 and $131,021 in 2023 and 2022, respectively	$	96,668	$	102,080
Below-market ground leases, net of accumulated amortization of $1,960 and $1,860 in 2023 and 2022, respectively	17,293		17,393
Above-market leases, net of accumulated amortization of $24,624 and $25,085 in 2023 and 2022, respectively	14,203		15,093
Goodwill	1,674		1,674
	$	129,838	$	136,240

Schedule of Intangible Liabilities

At March 31, 2023 and December 31, 2022, intangible liabilities included the following ($ in thousands):

	2023		2022
Below-market leases, net of accumulated amortization of $49,506 and $48,994 in 2023 and 2022, respectively	$	49,831	$	52,280

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):

	In-Place  Leases		Below-Market Ground Leases		Above-Market Leases		Below-Market Leases
2023 (nine months)	$	15,428	$	300	$	2,414	$	(7,006)
2024	18,301		400		2,673		(8,739)
2025	15,324		400		2,106		(7,956)
2026	12,275		400		1,673		(6,506)
2027	9,684		400		1,252		(4,973)
Thereafter	25,656		15,393		4,085		(14,651)
	$	96,668	$	17,293	$	14,203	$	(49,831)