Intangible Assets and Liabilities

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The Company has several types of intangible assets and liabilities included in its Consolidated Balance Sheets, including goodwill, debt issuance costs, above-, below-, and at-market lease intangibles, and customer relationship intangibles. For additional details on the Company's debt issuance costs, see Note 10 to the Consolidated Financial Statements. The Company’s intangible assets and liabilities, including assets held for sale and certain debt issuance costs, as of December 31, 2023 and 2022 consisted of the following:


	GROSS BALANCE at December 31,				ACCUMULATED AMORTIZATION at December 31,				WEIGHTED AVG. REMAINING LIFE in years	BALANCE SHEET CLASSIFICATION
Dollars in millions	2023		2022		2023		2022
Goodwill	$	250.5	$	223.2	$	—	$	—	N/A	Goodwill
Credit facility debt issuance costs	6.9		6.9		3.1		0.9		1.9	Other assets, net
Above-market lease intangibles (lessor)	98.0		91.5		31.3		10.7		5.3	Other assets, net
Customer relationship intangibles (lessor)	2.1		2.1		1.1		1.0		19.6	Other assets, net
Below-market lease intangibles (lessor)	(112.5)		(112.5)		(35.7)		(14.6)		5.8	Other liabilities

At-market lease intangibles	837.3		1,067.4		301.7		188.3		4.0	Real estate properties


	$	1,082.3	$	1,278.6	$	301.5	$	186.3	4.3

For the years ended December 31, 2023 and 2022, the Company recognized approximately $214.8 million and $133.6 million of intangible amortization, respectively.

The following table represents expected amortization over the next five years of the Company’s intangible assets and liabilities in place as of December 31, 2023:


Dollars in millions	FUTURE AMORTIZATION OF INTANGIBLES, NET
2024	$	206.7
2025	109.1
2026	84.3
2027	53.0
2028	31.9