XML 36 R11.htm IDEA: XBRL DOCUMENT
v3.20.4

Deferred Costs and Intangibles, net | 12 Months Ended
--- | ---
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Costs and Intangibles, net | Deferred Costs and Intangibles, net Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized salaries and related benefits incurred in connection with lease originations. Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases. At December 31, 2020 and 2019, deferred costs consisted of the following:
($ in thousands) |  | 2020 |  | 2019
Acquired lease intangible assets |  | $ | 55,352 |  |  | $ | 60,862 |
Deferred leasing costs and other |  | 57,481 |  |  | 62,109 |
|  | 112,833 |  |  | 122,971 |
Less—accumulated amortization |  | (49,662) |  |  | (49,814) |
Total |  | $ | 63,171 |  |  | $ | 73,157 |
The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows:
($ in thousands) | Amortization of above market leases |  | Amortization of acquired lease intangible assets |  | Total
2021 | $ | 978 |  |  | $ | 4,409 |  |  | $ | 5,387 |
2022 | 728 |  |  | 3,590 |  |  | 4,318 |
2023 | 676 |  |  | 2,721 |  |  | 3,397 |
2024 | 529 |  |  | 2,136 |  |  | 2,665 |
2025 | 506 |  |  | 1,756 |  |  | 2,262 |
Thereafter | 1,105 |  |  | 10,487 |  |  | 11,592 |
Total | $ | 4,522 |  |  | $ | 25,099 |  |  | $ | 29,621 |
Amortization of deferred leasing costs, leasing intangibles and other is included in depreciation and amortization expense in the accompanying consolidated statements of operations. The amortization of above market lease intangibles is included as a reduction to revenue. The amounts of such amortization included in the accompanying consolidated statements of operations are as follows:
($ in thousands) |  | For the year ended December 31,
|  | 2020 |  | 2019 |  | 2018
Amortization of deferred leasing costs, lease intangibles and other |  | $ | 13,916 |  |  | $ | 14,239 |  |  | $ | 18,648 |
Amortization of above market lease intangibles |  | 999 |  |  | 1,200 |  |  | 2,553 |

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration