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DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES (Tables) | 12 Months Ended
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Dec. 31, 2023
Other Liabilities Disclosure [Abstract] |
Schedule of Deferred Revenue and Other Liabilities | As of December 31, 2023 and 2022, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands):
| December 31,
| 2023 |  | 2022
Unamortized in-place lease liabilities | $ | 159,449 |  |  | $ | 188,815 |
Retainages payable and other | 9,229 |  |  | 12,110 |
Tenant rents received in advance | 35,339 |  |  | 29,947 |
Lease liabilities | 68,925 |  |  | 67,167 |
Deferred revenue and other liabilities | $ | 272,942 |  |  | $ | 298,039 |
Schedule of Amortization of In-Place Lease Liabilities | The estimated net amounts of amortization of acquired lease intangible assets for properties owned as of December 31, 2023 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
2024 | $ | 8,935 |  |  | $ | 66,000 |  |  | $ | 74,935 |
2025 | 6,822 |  |  | 42,293 |  |  | 49,115 |
2026 | 4,865 |  |  | 28,974 |  |  | 33,839 |
2027 | 3,505 |  |  | 19,460 |  |  | 22,965 |
2028 | 2,432 |  |  | 15,376 |  |  | 17,808 |
Thereafter | 2,644 |  |  | 39,806 |  |  | 42,450 |
Total | $ | 29,203 |  |  | $ | 211,909 |  |  | $ | 241,112 |
The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands):
2024 | $ | 19,346 |
2025 | 13,186 |
2026 | 12,149 |
2027 | 10,274 |
2028 | 9,665 |
Thereafter | 94,829 |
Total | $ | 159,449 |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
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