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INTANGIBLE ASSETS AND LIABILITIES, NET
 9 Months Ended
Sep. 30, 2022
Intangible Assets and Liabilities Disclosure [Abstract]  
INTANGIBLE ASSETS AND LIABILITIES, NET
7. INTANGIBLE ASSETS AND LIABILITIES, NET
Intangible assets and liabilities, net are summarized as follows:
September 30, 2022December 31, 2021
Intangible assets
Acquired favorable lease intangibles$59,789 $67,013 
Less: Accumulated amortization(30,373)(36,051)
Total intangible assets, net$29,416 $30,962 
Intangible liabilities
Acquired unfavorable lease intangibles$13,114 $14,795 
Less: Accumulated amortization(2,216)(6,068)
Acquired unfavorable lease intangibles, net$10,898 $8,727 
Intangible assets and liabilities are all held within the Aviation Leasing segment. Intangible liabilities relate to unfavorable lease intangibles and are included as a component of Other liabilities in the Consolidated Balance Sheets.
Amortization of intangible assets and liabilities is as follows:
Classification in Consolidated Statements of OperationsThree Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Lease intangiblesRevenues$3,291 $1,266 $10,259 $3,216 
As of September 30, 2022, estimated net annual amortization of intangible assets and liabilities is as follows:
Remainder of 2022$3,323 
20238,398 
20244,848 
20251,962 
2026519 
Thereafter(532)
Total$18,518