Intangibles (Tables)

6 Months Ended

Jun. 30, 2021

Intangibles [Abstract]

Schedule of Intangible Lease Assets

Intangible assets primarily consist of lease-up intangibles and above market tenant lease intangibles. The following table summarizes the Company’s intangible lease assets (dollars in thousands):

Intangible lease assets	June 30, 2021		December 31, 2020
Gross intangible lease assets	$	794,423	$	761,328
Accumulated depreciation and amortization	(282,811)		(241,411)
Intangible assets, net(1)	$	511,612	$	519,917
Weighted average remaining amortization period in years	6		5

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(1)Excludes intangible assets reported in assets held for sale and discontinued operations, net of $7 million and $25 million as of June 30, 2021 and December 31, 2020, respectively.

Schedule of Intangible Lease Liabilities

Intangible liabilities consist of below market lease intangibles. The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):

Intangible lease liabilities	June 30, 2021		December 31, 2020
Gross intangible lease liabilities	$	197,623	$	194,565
Accumulated depreciation and amortization	(58,507)		(50,366)
Intangible liabilities, net	$	139,116	$	144,199
Weighted average remaining amortization period in years	8		8