XML 53 R33.htm IDEA: XBRL DOCUMENT
v3.20.4

Intangible Assets and Below Market Lease Liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Total Intangible Assets and Below Market Lease Liabilities | The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:
| December 31,
| 2020 |  | 2019
Assets: |  |  |
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) | $ | 361,027 |  |  | $ | 377,472 |
Less accumulated amortization | (151,698) |  |  | (146,125) |
| $ | 209,329 |  |  | $ | 231,347 |
Liabilities (in accounts payable, accrued expenses and other liabilities): |  |  |
Acquisition-related below market lease liabilities | $ | 63,748 |  |  | $ | 65,971 |
Less accumulated amortization | (37,838) |  |  | (34,014) |
| $ | 25,910 |  |  | $ | 31,957 |
Amortization of Intangible Assets and Below Market Lease Liabilities | The following table sets forth amortization of intangible assets and below market lease liabilities:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) | $ | 34,401 |  |  | $ | 37,386 |  |  | $ | 36,486 |
Amortization of lease incentives (in rental and other revenues) | $ | 1,847 |  |  | $ | 4,281 |  |  | $ | 1,908 |
Amortization of acquisition-related intangible assets (in rental and other revenues) | $ | 1,137 |  |  | $ | 1,290 |  |  | $ | 1,677 |
Amortization of acquisition-related intangible assets (in rental property and other expenses) | $ | 510 |  |  | $ | 557 |  |  | $ | 557 |
Amortization of acquisition-related below market lease liabilities (in rental and other revenues) | $ | (6,031) |  |  | $ | (6,633) |  |  | $ | (6,085) |
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities | The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:
Years Ending December 31, |  | Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) |  | Amortization of Lease Incentives (in Rental and Other Revenues) |  | Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues) |  |  |  | Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
2021 |  | $ | 34,063 |  |  | $ | 1,563 |  |  | $ | 711 |  |  |  |  | $ | (4,958) |
2022 |  | 30,011 |  |  | 1,353 |  |  | 601 |  |  |  |  | (3,977) |
2023 |  | 26,496 |  |  | 1,279 |  |  | 447 |  |  |  |  | (3,600) |
2024 |  | 23,348 |  |  | 1,133 |  |  | 373 |  |  |  |  | (2,932) |
2025 |  | 19,224 |  |  | 1,064 |  |  | 342 |  |  |  |  | (1,673) |
Thereafter |  | 60,979 |  |  | 4,523 |  |  | 1,819 |  |  |  |  | (8,770) |
|  | $ | 194,121 |  |  | $ | 10,915 |  |  | $ | 4,293 |  |  |  |  | $ | (25,910) |
Weighted average remaining amortization periods as of December 31, 2020 (in years) |  | 8.3 |  | 9.5 |  | 9.7 |  |  |  | 8.6

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration