Acquired Lease Intangibles (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Net Accumulated Amortization and Accretion

The Company had the following acquired lease intangibles as of the periods set forth below:

	December 31,
(in thousands)	2022			2021
In-place leases	$	452,868			443,460
Above-market leases		82,930			81,433
Total intangible assets		535,798			524,893
Accumulated amortization		(338,053	)		(312,186	)
Acquired lease intangible assets, net	$	197,745			212,707
Below-market leases		547,519			535,569
Accumulated amortization		(193,315	)		(172,293	)
Acquired lease intangible liabilities, net	$	354,204			363,276

The following table provides a summary of amortization and net accretion amounts from acquired lease intangibles:

	Year ended December 31,
(in thousands)	2022		2021		2020		Line item in Consolidated Statements of Operations
In-place lease amortization	$	34,568		33,621		48,297	Depreciation and amortization
Above-market lease amortization		5,828		5,487		7,658	Lease income
Acquired lease intangible asset amortization	$	40,396		39,108		55,955
Below-market lease amortization	$	28,642		30,378		50,103	Lease income

Schedule of Future Amortization Expense and Minimum Rent

The estimated aggregate amortization and net accretion amounts from acquired lease intangibles for the next five years are as follows:

(in thousands)
In Process Year Ending December 31,	Amortization of In-place lease intangibles		Net accretion of Above / Below market lease intangibles
2023	$	28,033		22,518
2024		21,830		20,406
2025		17,611		19,814
2026		14,421		19,098
2027		11,392		17,956