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Intangible Assets and Below Market Lease Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2021
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:
| June 30, 2021 |  | December 31, 2020
Assets: |  |  |
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) | $ | 356,575 |  |  | $ | 361,027 |
Less accumulated amortization | (140,257) |  |  | (151,698) |
| $ | 216,318 |  |  | $ | 209,329 |
Liabilities (in accounts payable, accrued expenses and other liabilities): |  |  |
Acquisition-related below market lease liabilities | $ | 55,581 |  |  | $ | 63,748 |
Less accumulated amortization | (31,159) |  |  | (37,838) |
| $ | 24,422 |  |  | $ | 25,910 |
Amortization of Intangible Assets and Below Market Lease Liabilities | The following table sets forth amortization of intangible assets and below market lease liabilities:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) | $ | 8,626 |  |  | $ | 8,566 |  |  | $ | 17,197 |  |  | $ | 17,364 |
Amortization of lease incentives (in rental and other revenues) | $ | 445 |  |  | $ | 429 |  |  | $ | 893 |  |  | $ | 919 |
Amortization of acquisition-related intangible assets (in rental and other revenues) | $ | 241 |  |  | $ | 321 |  |  | $ | 518 |  |  | $ | 609 |
Amortization of acquisition-related intangible assets (in rental property and other expenses) | $ | — |  |  | $ | 138 |  |  | $ | — |  |  | $ | 277 |
Amortization of acquisition-related below market lease liabilities (in rental and other revenues) | $ | (1,421) |  |  | $ | (1,517) |  |  | $ | (2,850) |  |  | $ | (3,083) |
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:
|  |  |  | 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)
July 1 through December 31, 2021 |  |  |  | $ | 18,331 |  |  | $ | 791 |  |  | $ | 484 |  |  |  |  | $ | (2,336) |
2022 |  |  |  | 33,657 |  |  | 1,493 |  |  | 910 |  |  |  |  | (4,214) |
2023 |  |  |  | 29,975 |  |  | 1,421 |  |  | 754 |  |  |  |  | (3,838) |
2024 |  |  |  | 26,604 |  |  | 1,273 |  |  | 664 |  |  |  |  | (3,171) |
2025 |  |  |  | 21,634 |  |  | 1,195 |  |  | 546 |  |  |  |  | (1,813) |
Thereafter |  |  |  | 69,158 |  |  | 4,975 |  |  | 2,453 |  |  |  |  | (9,050) |
|  |  |  | $ | 199,359 |  |  | $ | 11,148 |  |  | $ | 5,811 |  |  |  |  | $ | (24,422) |
Weighted average remaining amortization periods as of June 30, 2021 (in years) |  |  |  | 8.0 |  | 9.2 |  | 8.8 |  |  |  | 8.4
Total Intangible Assets and Below Market Lease Liabilities from Acquisition Activity | The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2021 acquisition activity:
|  |  |  | Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues) |  | Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization) |  | Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded at acquisition |  |  |  | $ | 2,036 |  |  | $ | 13,168 |  |  | $ | (1,361) |
Weighted average remaining amortization periods as of June 30, 2021 (in years) |  |  |  | 7.2 |  | 5.8 |  | 5.7

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