Intangible Assets and Below Market Lease Liabilities (Tables)

9 Months Ended

Sep. 30, 2023

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:

	September 30, 2023		December 31, 2022
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$	407,005	$	416,579
Less accumulated amortization	(173,926)		(163,751)
	$	233,079	$	252,828
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	52,271	$	55,304
Less accumulated amortization	(30,620)		(29,859)
	$	21,651	$	25,445

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	10,696	$	11,425	$	32,409	$	33,603
Amortization of lease incentives (in rental and other revenues)	$	655	$	500	$	1,983	$	1,369
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	823	$	797	$	2,523	$	2,448
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(1,260)	$	(1,473)	$	(3,794)	$	(4,159)

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)
October 1 through December 31, 2023	$	10,963	$	609	$	779	$	(1,225)
2024	38,910		1,984		3,088		(4,240)
2025	31,262		1,879		2,220		(2,727)
2026	26,969		1,677		1,860		(2,431)
2027	23,248		1,476		1,518		(2,062)
Thereafter	74,830		4,209		5,598		(8,966)
	$	206,182	$	11,834	$	15,063	$	(21,651)
Weighted average remaining amortization periods as of September 30, 2023 (in years)	7.5		7.3		7.2		8.2