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Deferred Revenue, Intangibles, Net and Other Liabilities
 12 Months Ended
Dec. 31, 2020
Other Liabilities Disclosure [Abstract]  
Deferred Revenue, Intangibles, Net and Other Liabilities Deferred Revenue, Intangibles, Net and Other Liabilities 
 
Deferred revenue and other liabilities consist of the unamortized fair value of below market lease liabilities recorded in connection with purchase accounting, retainage payables for development and redevelopment projects, tenant rent payments received in advance of the month in which they are due, and lease liabilities recorded upon adoption of ASU 2016-02.  The amortization of below market lease liabilities is recognized as revenue over the remaining life of the leases (including option periods for leases with below market renewal options) through 2046.  Tenant rent payments received in advance are recognized as revenue in the period to which they apply, which is typically the month following their receipt.
 
At December 31, 2020 and 2019, deferred revenue, intangibles, net and other liabilities consisted of the following:
 
($ in thousands)20202019
Unamortized in-place lease liabilities$45,479 $50,072 
Retainages payable and other1,943 2,254 
Tenant rents received in advance11,716 10,839 
Lease liabilities26,511 27,015 
Total$85,649 $90,180 
 
The amortization of below market lease intangibles is included as a component of minimum rent in the accompanying consolidated statements was $4.8 million, $5.0 million and $8.9 million for the years ended December 31, 2020, 2019 and 2018, respectively.

The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows:  
($ in thousands)
2021$2,523 
20222,341 
20232,287 
20242,290 
20252,274 
Thereafter33,764 
Total$45,479