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Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2020
Intangibles |
Schedule of Intangible Lease Assets | The following table summarizes the Company’s intangible lease assets (dollars in thousands):
|  | December 31,
Intangible lease assets |  | 2020 |  | 2019
Gross intangible lease assets |  | $ | 761,328 |  |  | $ | 426,967 |
Accumulated depreciation and amortization |  | (241,411) |  |  | (166,763) |
Intangible assets, net(1) |  | $ | 519,917 |  |  | $ | 260,204 |
Weighted average remaining amortization period in years |  | 5 |  | 5
_______________________________________ (1)Excludes intangible assets reported in assets held for sale and discontinued operations, net of $25 million and $82 million as of December 31, 2020 and December 31, 2019, respectively.
Schedule of Intangible Lease Liabilities | Intangible liabilities consist of below market lease intangibles. The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):
|  | December 31,
Intangible lease liabilities |  | 2020 |  | 2019
Gross intangible lease liabilities |  | $ | 194,565 |  |  | $ | 113,213 |
Accumulated depreciation and amortization |  | (50,366) |  |  | (38,222) |
Intangible liabilities, net |  | $ | 144,199 |  |  | $ | 74,991 |
Weighted average remaining amortization period in years |  | 8 |  | 7
Schedule of Amortization of Deferred Lease Costs and Acquisition Related Intangibles | The following table sets forth amortization related to intangible assets, net and intangible liabilities, net (in thousands):
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Depreciation and amortization expense related to amortization of lease-up intangibles(1) |  | $ | 89,301 |  |  | $ | 46,828 |  |  | $ | 43,933 |
Rental and related revenues related to amortization of net below market lease liabilities(1) |  | 11,717 |  |  | 6,319 |  |  | 5,341 |
_______________________________________ (1)Excludes amortization related to assets classified as discontinued operations.
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, excluding assets classified as discontinued operations (in thousands):
| Rental and Related Revenues(1)(3) |  | Depreciation and Amortization(2)(3)
2021 | $ | 18,093 |  |  | $ | 96,094 |
2022 | 17,841 |  |  | 89,217 |
2023 | 17,119 |  |  | 85,484 |
2024 | 16,159 |  |  | 82,647 |
2025 | 15,370 |  |  | 72,373 |
Thereafter | 50,514 |  |  | 84,999 |
| $ | 135,096 |  |  | $ | 510,814 |
_______________________________________ (1)The amortization of net below market lease intangibles is recorded as an increase to rental and related revenues. (2)The amortization of lease-up intangibles is recorded to depreciation and amortization expense. (3)Excludes estimated annual amortization from assets classified as discontinued operations.

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