XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)
9 Months Ended
Sep. 30, 2022
Intangible Assets and Liabilities Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets and Liabilities
Our intangible assets and liabilities, net are summarized as follows:
 
   
September 30, 2022
   
December 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
 
Schedule of Intangible Assets and Liabilities
Amortization of intangible assets and liabilities is as follows:
 
 
Classification in Consolidated
Statements of Operations
 
Three Months Ended
September 30,
   
Nine Months Ended
September 30,
 
2022
   
2021
2022
   
2021
Lease intangibles
Revenues
 
$
3,291
   
$
1,266
   
$
10,259
   
$
3,216
 
Schedule of Net Annual Amortization of Intangibles
As of September 30, 2022,  estimated net annual amortization of intangible assets and liabilities is as follows:
 
Remainder of 2022
 

3,323
 
2023
   
8,398
 
2024
   
4,848
 
2025
   
1,962
 
2026
   
519
 
Thereafter
   
(532
)
Total
 
$
18,518