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Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2022
Intangibles [Abstract] |
Schedule of Intangible Lease Assets | The following table summarizes the Company’s intangible lease assets (dollars in thousands):
|  | December 31,
Intangible lease assets |  | 2022 |  | 2021
Gross intangible lease assets |  | $ | 770,285 |  |  | $ | 797,675 |
Accumulated depreciation and amortization |  | (352,224) |  |  | (277,915) |
Intangible assets, net(1) |  | $ | 418,061 |  |  | $ | 519,760 |
Weighted average remaining amortization period in years |  | 5 |  | 6
_______________________________________ (1)Excludes intangible assets reported in assets held for sale of $2 million and zero as of December 31, 2022 and 2021, 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 |  | 2022 |  | 2021
Gross intangible lease liabilities |  | $ | 237,464 |  |  | $ | 234,917 |
Accumulated depreciation and amortization |  | (81,271) |  |  | (57,685) |
Intangible liabilities, net |  | $ | 156,193 |  |  | $ | 177,232 |
Weighted average remaining amortization period in years |  | 7 |  | 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,
|  | 2022 |  | 2021 |  | 2020
Depreciation and amortization expense related to amortization of lease-up intangibles(1) |  | $ | 104,885 |  |  | $ | 106,106 |  |  | $ | 89,301 |
Rental and related revenues related to amortization of net below market lease liabilities(1) |  | 24,640 |  |  | 20,597 |  |  | 11,717 |
_______________________________________ (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 |  | Depreciation and Amortization
2023 | $ | 24,036 |  |  | $ | 99,784 |
2024 | 22,913 |  |  | 95,570 |
2025 | 21,891 |  |  | 83,984 |
2026 | 19,397 |  |  | 51,948 |
2027 | 15,393 |  |  | 26,349 |
Thereafter | 43,356 |  |  | 51,219 |
| $ | 146,986 |  |  | $ | 408,854 |

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