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Real Estate Intangibles (Tables) | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Real Estate Intangibles Excluding Those Related to Ground Lease or Classified as Held For Sale | The following is a summary of our real estate intangibles, excluding those related to ground leases or classified as held for sale, as of the dates indicated (dollars in thousands):
|  | June 30, 2022 |  | December 31, 2021
Assets: |  |  |  |
In place lease intangibles |  | $ | 1,786,965 |  |  | $ | 1,681,533 |
Above market tenant leases |  | 55,198 |  |  | 53,964 |
Lease commissions |  | 59,978 |  |  | 54,131 |
Gross historical cost |  | 1,902,141 |  |  | 1,789,628 |
Accumulated amortization |  | (1,375,588) |  |  | (1,286,259) |
Net book value |  | $ | 526,553 |  |  | $ | 503,369 |
Weighted-average amortization period in years |  | 6.9 |  | 5.5
Liabilities: |  |  |  |
Below market tenant leases |  | $ | 75,960 |  |  | $ | 74,909 |
Accumulated amortization |  | (48,683) |  |  | (45,291) |
Net book value |  | $ | 27,277 |  |  | $ | 29,618 |
Weighted-average amortization period in years |  | 8.4 |  | 8.2
Summary of Real Estate Intangible Amortization | The following is a summary of real estate intangible amortization income (expense) for the periods presented (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Rental income related to (above)/below market tenant leases, net |  | $ | 351 |  |  | $ | 432 |  |  | $ | 736 |  |  | $ | 857 |
Amortization related to in place lease intangibles and lease commissions |  | (50,194) |  |  | (20,432) |  |  | (98,188) |  |  | (43,211) |
Schedule of Future Estimated Aggregate Amortization of Intangible Assets and Liabilities | The future estimated aggregate amortization of intangible assets and liabilities is as follows for the periods presented (in thousands):
|  | Assets |  | Liabilities
2022 |  | $ | 106,003 |  |  | $ | 3,728 |
2023 |  | 145,427 |  |  | 5,485 |
2024 |  | 74,517 |  |  | 3,321 |
2025 |  | 26,749 |  |  | 2,770 |
2026 |  | 27,838 |  |  | 2,249 |
Thereafter |  | 146,019 |  |  | 9,724 |
Total |  | $ | 526,553 |  |  | $ | 27,277 |

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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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