Intangibles

12 Months Ended

Dec. 31, 2019

Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract]

Intangibles

NOTE 8—INTANGIBLES

The following is a summary of our intangibles:

	As of December 31, 2019				As of December 31, 2018
	Balance			Remaining Weighted Average Amortization Period in Years	Balance			Remaining Weighted Average Amortization Period in Years
	(Dollars in thousands)
Intangible assets:
Above market lease intangibles	$	145,891		6.9	$	181,393		6.7
In-place and other lease intangibles	1,160,261			10.6	1,321,562			24.7
Goodwill	1,051,161			N/A	1,050,548			N/A
Other intangibles	35,837			10.9	35,759			11.8
Accumulated amortization	(920,742		)	N/A	(921,107		)	N/A
Net intangible assets	$	1,472,408		10.2	$	1,668,155		22.9
Intangible liabilities:
Below market lease intangibles	$	349,357		14.5	$	356,771		14.4
Other lease intangibles	13,498			N/A	31,418			46.5
Accumulated amortization	(203,834		)	N/A	(191,909		)	N/A
Purchase option intangibles	3,568			N/A	3,568			N/A
Net intangible liabilities	$	162,589		14.5	$	199,848		17.2

N/A—Not Applicable 

Above market lease intangibles and in-place and other lease intangibles are included in acquired lease intangibles within real estate investments on our Consolidated Balance Sheets. Other intangibles (including non-compete agreements, trade names and trademarks) are included in other assets on our Consolidated Balance Sheets. Below market lease intangibles, other lease intangibles and purchase option intangibles are included in accounts payable and other liabilities on our Consolidated Balance Sheets. The change in other lease intangible assets and liabilities is due to the presentation of ground lease intangibles within operating lease assets on our Consolidated Balance Sheets beginning January 1, 2019. See “NOTE 2—ACCOUNTING POLICIES.” For the years ended December 31, 2019, 2018 and 2017, our net amortization related to these intangibles was $59.2 million, $49.2 million and $67.2 million, respectively. The following is a summary of the estimated net amortization related to these intangibles for each of the next five years:

	Estimated Net Amortization
	(In thousands)
2020	$	53,988
2021	46,651
2022	39,315
2023	36,107
2024	28,622

The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2019:

	Goodwill
	(In thousands)
Triple-net leased properties	$	321,781
Senior living operations	259,482
Office operations	469,898
Total goodwill	$	1,051,161