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DEFERRED COSTS AND INTANGIBLES, NET (Tables) | 12 Months Ended
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Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure | At December 31, 2021 and 2020, deferred costs consisted of the following:
($ in thousands) | 2021 |  | 2020
Acquired lease intangible assets | $ | 567,149 |  |  | $ | 55,352 |
Deferred leasing costs and other | 55,817 |  |  | 57,481 |
| 622,966 |  |  | 112,833 |
Less: accumulated amortization | (81,448) |  |  | (49,662) |
Total | $ | 541,518 |  |  | $ | 63,171 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | 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
2022 | $ | 12,610 |  |  | $ | 133,302 |  |  | $ | 145,912 |
2023 | 10,297 |  |  | 85,763 |  |  | 96,060 |
2024 | 8,461 |  |  | 58,852 |  |  | 67,313 |
2025 | 6,571 |  |  | 39,351 |  |  | 45,922 |
2026 | 6,405 |  |  | 39,159 |  |  | 45,564 |
Thereafter | 18,155 |  |  | 79,502 |  |  | 97,657 |
Total | $ | 62,499 |  |  | $ | 435,929 |  |  | $ | 498,428 |
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) |
2022 | $ | 18,290 |
2023 | 16,668 |
2024 | 14,781 |
2025 | 12,440 |
2026 | 12,517 |
Thereafter | 135,565 |
Total | $ | 210,261 |
Deferred Cost Amortization | The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows:
| Year ended December 31,
($ in thousands) | 2021 |  | 2020 |  | 2019
Amortization of deferred leasing costs, lease intangibles and other | $ | 45,423 |  |  | $ | 13,916 |  |  | $ | 14,239 |
Amortization of above-market lease intangibles | 3,483 |  |  | 999 |  |  | 1,200 |
The following amounts of amortization of debt issuance costs are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income:
| Year ended December 31,
($ in thousands) | 2021 |  | 2020 |  | 2019
Amortization of debt issuance costs | $ | 2,681 |  |  | $ | 2,135 |  |  | $ | 2,762 |

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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