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Intangibles | 6 Months Ended
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Jun. 30, 2019
Intangibles |
Intangibles | Intangibles Intangible assets primarily consist of lease-up intangibles and above market tenant lease intangibles. Intangible liabilities primarily consist of below market lease intangibles. The following tables summarize the Company’s intangible lease assets and liabilities (in thousands):
Intangible lease assets |  | June 30, 2019 |  | December 31, 2018
Gross intangible lease assets |  | $ | 555,150 |  |  | $ | 556,114 |
Accumulated depreciation and amortization |  | (237,190 | ) |  | (251,035 | )
Intangible assets, net |  | $ | 317,960 |  |  | $ | 305,079 |
Intangible lease liabilities |  | June 30, 2019 |  | December 31, 2018
Gross intangible lease liabilities |  | $ | 88,892 |  |  | $ | 94,444 |
Accumulated depreciation and amortization |  | (35,121 | ) |  | (39,781 | )
Intangible liabilities, net |  | $ | 53,771 |  |  | $ | 54,663 |
During the six months ended June 30, 2019, in conjunction with the Company’s acquisitions of real estate (see Note 3), the Company acquired intangible assets of $86 million and intangible liabilities of $8 million. The intangible assets and intangible liabilities acquired have a weighted average amortization period of 2 years and 5 years, respectively. On January 1, 2019, in conjunction with the adoption of ASU 2016-12 (see Note 2), the Company reclassified $39 million of intangible assets, net and $6 million of intangible liabilities, net related to above and below market ground leases to right-of-use asset, net.

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