Identified Intangible Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Finite-Lived Intangible Assets and Liabilities

Schedule of Identified Intangible Assets and Intangible Liabilities

The following summarizes our identified intangible assets (primarily above-market leases) and liabilities (primarily below-market leases).

(Amounts in thousands)	Balance as of
	June 30, 2020			December 31, 2019
Identified intangible assets:
Gross amount	$	125,149		$	129,552
Accumulated amortization	(97,489		)	(98,587		)
Total, net	$	27,660		$	30,965
Identified intangible liabilities (included in deferred revenue):
Gross amount	$	293,008		$	316,119
Accumulated amortization	(249,106		)	(262,580		)
Total, net	$	43,902		$	53,539

Below Market Leases Net Of Above Market Leases

Finite-Lived Intangible Assets and Liabilities

Schedule of future amortization expense of intangible assets

Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2021 is as follows:

(Amounts in thousands)
2021	$	10,780
2022	9,429
2023	6,900
2024	3,155
2025	1,602

Other Identified Intangible Assets

Finite-Lived Intangible Assets and Liabilities

Schedule of future amortization expense of intangible assets

Estimated annual amortization of all other identified intangible assets including acquired in-place leases for each of the five succeeding years commencing January 1, 2021 is as follows:

(Amounts in thousands)
2021	$	4,377
2022	3,893
2023	3,807
2024	3,193
2025	2,277