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Intangibles
 3 Months Ended
Mar. 31, 2019
Intangibles  
Intangibles Intangibles
Intangible assets primarily consist of lease-up intangibles and above market tenant lease intangibles. Intangible liabilities primarily consist of below market lease intangibles. The following tables summarize the Company’s intangible lease assets and liabilities (in thousands):
Intangible lease assets
 
March 31,
2019
 
December 31,
2018
Gross intangible lease assets
 
$
491,998

 
$
556,114

Accumulated depreciation and amortization
 
(216,433
)
 
(251,035
)
Intangible assets, net
 
$
275,565

 
$
305,079


Intangible lease liabilities
 
March 31,
2019
 
December 31,
2018
Gross intangible lease liabilities
 
$
82,777

 
$
94,444

Accumulated depreciation and amortization
 
(33,289
)
 
(39,781
)
Intangible liabilities, net
 
$
49,488

 
$
54,663


On January 1, 2019, in conjunction with the adoption of ASU 2016-12 (see Note 2), the Company reclassified $39 million of intangible assets, net and $6 million of intangible liabilities, net related to above and below market ground leases to right-of-use asset, net.