Deferred Charges (Tables)

12 Months Ended

Dec. 31, 2022

Deferred Costs [Abstract]

Schedule of Deferred Charges

Deferred lease costs and other intangibles, net as of December 31, 2022 and 2021 consist of the following (in thousands):

	2022		2021
Deferred lease costs	$	89,103	$	90,240
Intangible assets:
Above market leases	36,085		38,942
Lease in place value	52,280		53,584
Tenant relationships	32,912		33,759
Other intangibles	40,651		40,806
	251,031		257,331
Accumulated amortization	(192,457)		(183,611)
Deferred lease costs and other intangibles, net	$	58,574	$	73,720

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)		Lease Cost Intangibles (2)
2023	$	54	$	3,050
2024	(16)		2,865
2025	(424)		2,303
2026	(745)		1,727
2027	(771)		1,562
Total	$	(1,902)	$	11,507

(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.