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DEFERRED COSTS AND INTANGIBLES, NET (Tables) | 12 Months Ended
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Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Summary of Deferred Costs | As of December 31, 2022 and 2021, deferred costs consisted of the following (in thousands):
| December 31,
| 2022 |  | 2021
Acquired lease intangible assets | $ | 522,152 |  |  | $ | 567,149 |
Deferred leasing costs and other | 66,842 |  |  | 55,817 |
| 588,994 |  |  | 622,966 |
Less: accumulated amortization | (179,166) |  |  | (81,448) |
Total | $ | 409,828 |  |  | $ | 541,518 |
Schedule of Amortization From Acquired Lease Intangible Assets | 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
2023 | $ | 11,823 |  |  | $ | 92,095 |  |  | $ | 103,918 |
2024 | 9,583 |  |  | 63,858 |  |  | 73,441 |
2025 | 7,339 |  |  | 43,346 |  |  | 50,685 |
2026 | 5,368 |  |  | 29,834 |  |  | 35,202 |
2027 | 4,030 |  |  | 20,156 |  |  | 24,186 |
Thereafter | 5,792 |  |  | 60,823 |  |  | 66,615 |
Total | $ | 43,935 |  |  | $ | 310,112 |  |  | $ | 354,047 |
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):
2023 | $ | 17,582 |
2024 | 15,828 |
2025 | 14,158 |
2026 | 13,210 |
2027 | 11,219 |
Thereafter | 116,818 |
Total | $ | 188,815 |
Summary of Deferred Cost Amortization | The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Amortization of deferred leasing costs, lease intangibles and other | $ | 150,245 |  |  | $ | 45,423 |  |  | $ | 13,916 |
Amortization of above-market lease intangibles | $ | 13,562 |  |  | $ | 3,483 |  |  | $ | 999 |
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 (in thousands):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Amortization of debt issuance costs | $ | 3,163 |  |  | $ | 2,681 |  |  | $ | 2,135 |

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- Definition Tabular disclosure for the amortization of deferred costs. + References No definition available. + Details
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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 No definition available. + 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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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