Deferred Charges (Tables)

12 Months Ended

Dec. 31, 2023

Deferred Costs [Abstract]

Schedule of Deferred Charges

Deferred lease costs and other intangibles, net as of December 31, 2023 and 2022, consist of the following (in thousands):

	2023		2022
Deferred lease costs	$	98,933	$	89,103
Intangible assets:
Above market leases	41,535		36,085
Lease in place value	74,486		52,280
Tenant relationships	29,623		32,912
Other intangibles	40,458		40,651
	285,035		251,031
Accumulated amortization	(193,766)		(192,457)
Deferred lease costs and other intangibles, net	$	91,269	$	58,574

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)
2024	$	121	$	17,144
2025	(255)		12,072
2026	(544)		8,178
2027	(642)		5,779
2028	(718)		3,447
Total	$	(2,038)	$	46,620

(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.