Intangible Assets and Below Market Lease Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

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:

	March 31, 2024		December 31, 2023
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$	403,901	$	401,621
Less accumulated amortization	(180,904)		(175,697)
	$	222,997	$	225,924
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	50,723	$	50,842
Less accumulated amortization	(31,440)		(30,416)
	$	19,283	$	20,426

Amortization of Intangible Assets and Below Market Lease Liabilities

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

	Three Months Ended March 31,
	2024		2023
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	9,645	$	10,232
Amortization of lease incentives (in rental and other revenues)	$	693	$	714
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	802	$	831
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(1,144)	$	(1,254)

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:

	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 Below Market Lease Liabilities (in Rental and Other Revenues)
April 1 through December 31, 2024	$	29,774	$	1,818	$	2,264	$	(3,097)
2025	32,319		2,095		2,210		(2,727)
2026	28,052		1,893		1,861		(2,431)
2027	24,340		1,690		1,520		(2,062)
2028	20,468		1,440		1,404		(1,648)
Thereafter	61,162		4,500		4,187		(7,318)
	$	196,115	$	13,436	$	13,446	$	(19,283)
Weighted average remaining amortization periods as of March 31, 2024 (in years)	7.5		7.9		7.0		8.1