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Intangible Assets and Below Market Lease Liabilities | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Below Market Lease Liabilities | 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, 2024 |  | December 31, 2023
Assets: |  |  |
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) | $ | 400,927 |  |  | $ | 401,621 |
Less accumulated amortization | (183,154) |  |  | (175,697) |
| $ | 217,773 |  |  | $ | 225,924 |
Liabilities (in accounts payable, accrued expenses and other liabilities): |  |  |
Acquisition-related below market lease liabilities | $ | 50,704 |  |  | $ | 50,842 |
Less accumulated amortization | (32,551) |  |  | (30,416) |
| $ | 18,153 |  |  | $ | 20,426 |
The following table sets forth amortization of intangible assets and below market lease liabilities:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) | $ | 9,984 |  |  | $ | 11,481 |  |  | $ | 19,629 |  |  | $ | 21,713 |
Amortization of lease incentives (in rental and other revenues) | $ | 550 |  |  | $ | 614 |  |  | $ | 1,243 |  |  | $ | 1,328 |
Amortization of acquisition-related intangible assets (in rental and other revenues) | $ | 794 |  |  | $ | 869 |  |  | $ | 1,596 |  |  | $ | 1,700 |
Amortization of acquisition-related below market lease liabilities (in rental and other revenues) | $ | (1,130) |  |  | $ | (1,280) |  |  | $ | (2,274) |  |  | $ | (2,534) |
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, 2024 |  |  |  | $ | 20,053 |  |  | $ | 1,206 |  |  | $ | 1,470 |  |  |  |  | $ | (1,967) |
2025 |  |  |  | 33,440 |  |  | 2,094 |  |  | 2,210 |  |  |  |  | (2,727) |
2026 |  |  |  | 29,022 |  |  | 1,892 |  |  | 1,861 |  |  |  |  | (2,431) |
2027 |  |  |  | 25,284 |  |  | 1,686 |  |  | 1,520 |  |  |  |  | (2,062) |
2028 |  |  |  | 21,329 |  |  | 1,458 |  |  | 1,404 |  |  |  |  | (1,648) |
Thereafter |  |  |  | 63,054 |  |  | 4,603 |  |  | 4,187 |  |  |  |  | (7,318) |
|  |  |  | $ | 192,182 |  |  | $ | 12,939 |  |  | $ | 12,652 |  |  |  |  | $ | (18,153) |
Weighted average remaining amortization periods as of June 30, 2024 (in years) |  |  |  | 7.3 |  | 7.8 |  | 6.9 |  |  |  | 8.1

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