Intangibles

12 Months Ended

Dec. 31, 2020

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

NOTE 8–INTANGIBLES

The following is a summary of our intangibles:


	As of December 31, 2020			As of December 31, 2019
	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	$	140,096	6.4	$	145,891	6.9
In-place and other lease intangibles	1,090,790		10.7	1,162,187		10.6
Goodwill	1,051,650		N/A	1,051,161		N/A
Other intangibles	35,870		10.0	35,837		10.9
Accumulated amortization	(941,462)		N/A	(922,668)		N/A
Net intangible assets	$	1,376,944	10.3	$	1,472,408	10.2
Intangible liabilities:
Below market lease intangibles	$	339,265	14.3	$	349,357	14.5
Other lease intangibles	13,498		N/A	13,498		N/A
Accumulated amortization	(212,655)		N/A	(203,834)		N/A
Purchase option intangibles	3,568		N/A	3,568		N/A
Net intangible liabilities	$	143,676	14.3	$	162,589	14.5

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. For the years ended December 31, 2020, 2019 and 2018, our net amortization related to these intangibles was $45.7 million, $59.2 million and $49.2 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)
2021	$	50,421
2022	42,787
2023	31,343
2024	16,932
2025	8,977

The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2020:


	Goodwill
	(In thousands)
Triple-net leased properties	$	322,270
Senior living operations	259,482
Office operations	469,898
Total goodwill	$	1,051,650