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Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2021
Intangibles |
Schedule of Intangible Lease Assets | The following table summarizes the Company’s intangible lease assets (dollars in thousands):
|  | December 31,
Intangible lease assets |  | 2021 |  | 2020
Gross intangible lease assets |  | $ | 797,675 |  |  | $ | 761,328 |
Accumulated depreciation and amortization |  | (277,915) |  |  | (241,411) |
Intangible assets, net(1) |  | $ | 519,760 |  |  | $ | 519,917 |
Weighted average remaining amortization period in years |  | 6 |  | 5
_______________________________________ (1)Excludes intangible assets reported in assets held for sale and discontinued operations, net of zero and $25 million as of December 31, 2021 and 2020.
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 |  | 2021 |  | 2020
Gross intangible lease liabilities |  | $ | 234,917 |  |  | $ | 194,565 |
Accumulated depreciation and amortization |  | (57,685) |  |  | (50,366) |
Intangible liabilities, net |  | $ | 177,232 |  |  | $ | 144,199 |
Weighted average remaining amortization period in years |  | 8 |  | 8
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,
|  | 2021 |  | 2020 |  | 2019
Depreciation and amortization expense related to amortization of lease-up intangibles(1) |  | $ | 106,106 |  |  | $ | 89,301 |  |  | $ | 46,828 |
Rental and related revenues related to amortization of net below market lease liabilities(1) |  | 20,597 |  |  | 11,717 |  |  | 6,319 |
_______________________________________ (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 (in thousands):
| Rental and Related Revenues(1) |  | Depreciation and Amortization(2)
2022 | $ | 24,008 |  |  | $ | 103,753 |
2023 | 23,250 |  |  | 98,511 |
2024 | 22,407 |  |  | 94,826 |
2025 | 21,383 |  |  | 83,308 |
2026 | 18,912 |  |  | 51,407 |
Thereafter | 55,032 |  |  | 75,715 |
| $ | 164,992 |  |  | $ | 507,520 |
_______________________________________ (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.

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