The following is a summary of intangible assets and liabilities and related accumulated amortization:


(in thousands)	September 30, 2022			December 31, 2021
Lease intangibles:
Acquired above-market leases	$	45,749		$	47,147
Less accumulated amortization		(17,742	)		(16,807	)
Acquired above-market leases, net		28,007			30,340
Acquired in-place leases		421,773			380,766
Less accumulated amortization		(127,466	)		(107,464	)
Acquired in-place leases, net		294,307			273,302
Total intangible lease assets, net	$	322,314		$	303,642
Acquired below-market leases	$	105,293		$	105,310
Less accumulated amortization		(40,322	)		(34,714	)
Intangible lease liabilities, net	$	64,971		$	70,596
Leasing fees	$	14,465		$	14,786
Less accumulated amortization		(5,713	)		(5,145	)
Leasing fees, net	$	8,752		$	9,641

Amortization of intangible lease assets and liabilities was as follows:


(in thousands)		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Intangible	Financial Statement Presentation	2022		2021		2022		2021
Acquired in-place leases and leasing fees	Depreciation and amortization	$	10,224	$	11,424	$	25,574	$	25,429
Above-market and below-market leases	Lease revenues, net		1,180		944		3,511		2,362

For the three and nine months ended September 30, 2022 and 2021, amortization expense includes $2.3 million and $3.8 million of accelerated amortization resulting from early lease terminations, respectively.

Estimated future amortization of intangible assets and liabilities at September 30, 2022 is as follows:


(in thousands)
Remainder of 2022	$	6,865
2023		27,239
2024		26,430
2025		25,134
2026		23,783
Thereafter		156,644
	$	266,095