Deferred Charges (Tables)

12 Months Ended

Dec. 31, 2021

Deferred Costs [Abstract]

Schedule of Deferred Charges

Deferred lease costs and other intangibles, net as of December 31, 2021 and 2020 consist of the following (in thousands):

	2021		2020
Deferred lease costs	$	90,240	$	88,867
Intangible assets:
Above market leases	38,942		39,628
Lease in place value	53,584		55,074
Tenant relationships	33,759		34,694
Other intangibles	40,806		41,117
	257,331		259,380
Accumulated amortization	(183,611)		(174,420)
Deferred lease costs and other intangibles, net	$	73,720	$	84,960

Schedule of Expected Amortization Expense

Estimated aggregate amortization of net above and below market leases and other intangibles for each of the five succeeding years is as follows (in thousands):

Year	Above/(Below) Market Leases, Net (1)		Deferred Lease Costs and Other Intangibles (2)
2022	$	192	$	4,022
2023	235		3,392
2024	165		3,175
2025	(280)		2,558
2026	(636)		1,947
Total	$	(324)	$	15,094

(1)These net amounts are recorded as a reduction (increase) of base rentals.

(2)These amounts are recorded as an increase in depreciation and amortization.