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Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2018
Intangibles |
Schedule of intangible lease assets | The following table summarizes the Company’s intangible lease assets (in thousands):
|  | December 31,
Intangible lease assets |  | 2018 |  | 2017
Gross intangible lease assets |  | $ | 556,114 |  |  | $ | 795,305 |
Accumulated depreciation and amortization |  | (251,035 | ) |  | (385,223 | )
Net intangible lease assets |  | $ | 305,079 |  |  | $ | 410,082 |
Schedule of intangible lease liabilities | The following table summarizes the Company’s intangible lease liabilities (in thousands):
|  | December 31,
Intangible lease liabilities |  | 2018 |  | 2017
Gross intangible lease liabilities |  | $ | 94,444 |  |  | $ | 126,212 |
Accumulated depreciation and amortization |  | (39,781 | ) |  | (73,633 | )
Net intangible lease liabilities |  | $ | 54,663 |  |  | $ | 52,579 |
Schedule of amortization of deferred lease costs and acquisition related intangibles | The following table sets forth amortization related to deferred leasing costs and acquisition-related intangibles (in thousands):
|  | Year Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Depreciation and amortization expense related to amortization of lease-up intangibles |  | $ | 67,350 |  |  | $ | 76,732 |  |  | $ | 84,487 |
Rental and related revenues related to amortization of net below market lease liabilities |  | 5,253 |  |  | 2,030 |  |  | 3,877 |
Operating expense related to amortization of net below market ground lease intangibles |  | 636 |  |  | 740 |  |  | 664 |
Schedule of estimated aggregate amortization of intangible assets and liabilities for each of the five succeeding fiscal years and thereafter | The following table summarizes the estimated annual amortization for each of the five succeeding fiscal years and thereafter (in thousands):
| Rental and Related Revenues(1) |  | Operating Expense(2) |  | Depreciation and Amortization(3)
2019 | $ | 4,399 |  |  | $ | 505 |  |  | $ | 50,762 |
2020 | 3,670 |  |  | 621 |  |  | 39,433 |
2021 | 3,587 |  |  | 738 |  |  | 32,214 |
2022 | 4,331 |  |  | 738 |  |  | 26,438 |
2023 | 4,269 |  |  | 738 |  |  | 24,293 |
Thereafter | 16,521 |  |  | 29,901 |  |  | 80,812 |
| $ | 36,777 |  |  | $ | 33,241 |  |  | $ | 253,952 |
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(1) | The amortization of net below market lease intangibles is recorded as an increase to rental and related income.
(2) | The amortization of net below market ground lease intangibles is recorded as an increase to operating expense.
(3) | The amortization of lease-up intangibles is recorded to depreciation and amortization expense.

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