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Intangible Assets and Below Market Lease Liabilities (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Total 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:
 
 
December 31,
 
2019
 
2018
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
377,472

 
$
344,548

Less accumulated amortization
(146,125
)
 
(149,275
)
 
$
231,347

 
$
195,273

Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
65,971

 
$
57,955

Less accumulated amortization
(34,014
)
 
(32,307
)
 
$
31,957

 
$
25,648
Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Year Ended December 31,
 
2019
 
2018
 
2017
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
37,386

 
$
36,486

 
$
41,187

Amortization of lease incentives (in rental and other revenues)
$
4,281

 
$
1,908

 
$
1,765

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
1,290

 
$
1,677

 
$
2,921

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
557

 
$
557

 
$
557

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(6,633
)
 
$
(6,085
)
 
$
(6,415
)
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:
 
Years Ending December 31,
 
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)
2020
 
$
38,376

 
$
1,599

 
$
1,095

 
$
510

 
$
(5,933
)
2021
 
33,581

 
1,353

 
777

 
—

 
(5,033
)
2022
 
29,200

 
1,119

 
608

 
—

 
(3,985
)
2023
 
25,683

 
1,040

 
454

 
—

 
(3,607
)
2024
 
22,631

 
890

 
380

 
—

 
(2,939
)
Thereafter
 
65,964

 
3,914

 
2,173

 
—

 
(10,460
)
 
 
$
215,435

 
$
9,915

 
$
5,487

 
$
510

 
$
(31,957
)
Weighted average remaining amortization periods as of December 31, 2019 (in years)
 
8.4

 
9.2

 
9.4

 
1.0

 
8.8
Total Intangible Assets and Below Market Lease Liabilities from Acquisition Activity
The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2019 acquisition activity:
 
 
 
Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues)
 
Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
 
Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded at acquisition
 
$
2,059

 
$
35,637

 
$
(12,943
)
Weighted average remaining amortization periods as of December 31, 2019 (in years)
 
14.4

 
14.7

 
14.3