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Acquired Intangible Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

Acquired Intangible Assets and Liabilities

Summary of Acquired Intangible Assets and Liabilities



		Balance as of
		March 31, 2022									December 31, 2021
(Amounts in thousands)			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Customer relationship value		$	2,804,837		$	(759,084)		$	2,045,753		$	2,838,842		$	(721,983)		$	2,116,859
Acquired in-place lease value			1,275,069			(1,008,479)			266,590			1,278,012			(995,883)			282,129
Other			99,325			(18,769)			80,556			101,869			(14,688)			87,181
Acquired above-market leases			267,747			(249,742)			18,005			268,724			(247,135)			21,589
Acquired below-market leases			(350,129)			250,946			(99,183)			(351,052)			247,877			(103,175)

Schedule of Estimated Annual Amortization of Acquired of Intangible Assets



(Amounts in thousands)		Customer relationship value			Acquired in-place lease value			Other ⁽¹⁾			Acquired above-market leases			Acquired below-market leases
Remainder of 2022	$	125,119		$	38,651		$	7,221		$	7,627		$	(10,349)
2023		166,157			43,641			3,189			4,758			(12,613)
2024		165,577			37,876			1,770			2,584			(11,320)
2025		165,075			34,798			1,729			1,452			(10,328)
2026		164,640			30,686			1,522			684			(8,709)
Thereafter		1,259,185			80,938			1,522			900			(45,864)
Total	$	2,045,753		$	266,590		$	16,953		$	18,005		$	(99,183)

(1)	Excludes power grid rights in the amount of approximately $63.6 million that are currently not being amortized. Amortization of these assets will begin once the data centers associated with the power grid rights are placed into service.