Intangible Assets and Below Market Lease Liabilities

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Below Market Lease Liabilities

Intangible Assets and Below Market Lease Liabilities

The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:

	September 30, 2019			December 31, 2018
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$	344,067		$	344,548
Less accumulated amortization	(148,019		)	(149,275		)
	$	196,048		$	195,273
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	53,861		$	57,955
Less accumulated amortization	(33,285		)	(32,307		)
	$	20,576		$	25,648

The following table sets forth amortization of intangible assets and below market lease liabilities:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	9,003		$	8,969		$	28,077		$	27,671
Amortization of lease incentives (in rental and other revenues)	$	540		$	452		$	3,848		$	1,357
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	305		$	415		$	1,005		$	1,292
Amortization of acquisition-related intangible assets (in rental property and other expenses)	$	140		$	140		$	416		$	416
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(1,656	)	$	(1,535	)	$	(5,072	)	$	(4,553	)

The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

	Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)		Amortization of Lease Incentives (in Rental and Other Revenues)		Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues)		Amortization of Acquisition-Related Intangible Assets (in Rental Property and Other Expenses)		Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
October 1 through December 31, 2019	$	9,538	$	428	$	258	$	137	$	(1,349	)
2020	34,968		1,584		954		514		(5,107		)
2021	30,100		1,338		631		—		(4,152		)
2022	25,689		1,104		462		—		(3,086		)
2023	22,180		1,025		308		—		(2,707		)
Thereafter	58,995		4,735		1,100		—		(4,175		)
	$	181,470	$	10,214	$	3,713	$	651	$	(20,576	)
Weighted average remaining amortization periods as of September 30, 2019 (in years)	7.3		9.3		6.5		1.2		5.2