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INTANGIBLE ASSETS AND LIABILITIES, NET
 12 Months Ended
Dec. 31, 2022
Intangible Assets and Liabilities Disclosure [Abstract]  
INTANGIBLE ASSETS AND LIABILITIES, NET INTANGIBLE ASSETS AND LIABILITIES, NET
Our intangible assets and liabilities, net are summarized as follows:
December 31, 2022December 31, 2021
Intangible assets
Acquired favorable lease intangibles$64,202 $67,013 
Less: Accumulated amortization(22,247)(36,051)
Acquired favorable lease intangibles, net$41,955 $30,962 
Intangible liabilities
Acquired unfavorable lease intangibles$13,152 $14,795 
Less: Accumulated amortization(2,607)(6,068)
Acquired unfavorable lease intangibles, net$10,545 $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 recorded as follows:
Classification in Consolidated Statements of OperationsYear Ended December 31,
202220212020
Lease intangiblesRevenues$13,913 $4,993 $3,747 

As of December 31, 2022, estimated net annual amortization of intangibles is as follows:
2023$12,229 
20248,758 
20255,853
20264,167 
2027908
Thereafter(505)
Total$31,410