Intangible Assets and Below Market Lease Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

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:

	June 30, 2020			December 31, 2019
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$	373,075		$	377,472
Less accumulated amortization	(151,170		)	(146,125		)
	$	221,905		$	231,347
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	65,039		$	65,971
Less accumulated amortization	(36,164		)	(34,014		)
	$	28,875		$	31,957

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 June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	8,566		$	8,759		$	17,364		$	19,074
Amortization of lease incentives (in rental and other revenues)	$	429		$	460		$	919		$	3,308
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	321		$	343		$	609		$	700
Amortization of acquisition-related intangible assets (in rental property and other expenses)	$	138		$	139		$	277		$	276
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(1,517	)	$	(1,763	)	$	(3,083	)	$	(3,416	)

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 Intangible Assets (in Rental Property and Other Expenses)		Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
July 1 through December 31, 2020	$	18,951	$	831	$	529	$	233	$	(2,874	)
2021	33,989		1,415		767		—		(5,013		)
2022	29,787		1,204		601		—		(3,982		)
2023	26,329		1,121		447		—		(3,607		)
2024	23,306		975		373		—		(2,939		)
Thereafter	74,561		4,325		2,161		—		(10,460		)
	$	206,923	$	9,871	$	4,878	$	233	$	(28,875	)
Weighted average remaining amortization periods as of June 30, 2020 (in years)	8.4		9.1		9.5		0.5		8.7