Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets and Liabilities

As of March 31, 2019 and December 31, 2018, the Company’s intangible assets/liabilities were comprised of the following (in thousands):

	March 31, 2019
	Total Cost		Accumulated Amortization			Intangible Assets, net
Intangible assets, net:
In-place lease value	$	179,979	$	(62,584	)	$	117,395
Tenant relationship value		9,564		(8,715	)		849
Above market leases acquired		4,966		(3,307	)		1,659
Total intangible assets, net	$	194,509	$	(74,606	)	$	119,903
Acquired lease intangibles, net:
Below market leases acquired	$	49,228	$	(19,415	)	$	29,813

	December 31, 2018
	Total Cost		Accumulated Amortization			Intangible Assets, net
Intangible assets, net:
In-place lease value	$	181,887	$	(53,376	)	$	128,511
Tenant relationship value		9,564		(8,551	)		1,013
Above market leases acquired		4,966		(3,142	)		1,824
Total intangible assets, net	$	196,417	$	(65,069	)	$	131,348
Acquired lease intangibles, net:
Below market leases acquired	$	49,655	$	(17,872	)	$	31,783

Summary of Amortization for Intangible Assets and Liabilities

As of March 31, 2019, the Company’s annual amortization for its intangible assets/liabilities, assuming no prospective early lease terminations, was as follows (dollars in thousands):

	Assets		Liabilities
2019 (nine months remaining)	$	30,532	$	5,433
2020		28,393		5,707
2021		20,128		4,302
2022		12,791		2,654
2023		9,756		2,094
Thereafter		18,303		9,623
Total	$	119,903	$	29,813