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Intangible Assets on Property Acquisitions
12 Months Ended
Dec. 31, 2022
Intangible Assets on Property Acquisitions  
Intangible Assets on Property Acquisitions Intangible Assets on Property Acquisitions
Intangible assets on property acquisitions consisted of the following (in thousands):
December 31, 2022December 31, 2021
Gross Carrying AmountAccumulated AmortizationNet
 Carrying Amount
Gross Carrying AmountAccumulated AmortizationNet
Carrying Amount
In-place lease value$125,207 $120,178 $5,029 $125,591 $118,983 $6,608 
Tenant relationship value57,210 52,803 4,407 58,082 50,701 7,381 
Above-market leases13,718 13,476 242 13,718 13,435 283 
Other1,333 1,052 281 1,333 1,038 295 
$197,468 $187,509 $9,959 $198,724 $184,157 $14,567 
Amortization of intangible assets on property acquisitions from continuing and discontinued operations totaled $4.6 million in 2022, $4.7 million in 2021 and $8.0 million in 2020. The approximate weighted average amortization periods of the categories set forth above follow: in-place lease value: four years; tenant relationship value: eight years; above-market leases: five years; and other: 20 years. The approximate weighted average amortization period for all of the categories combined is six years. The estimated amortization (to amortization associated with real estate operations, lease revenue and property operating expenses) associated with the intangible asset categories set forth above for the next five years is: $2.9 million for 2023; $1.9 million for 2024; $1.6 million for 2025; $1.0 million for 2026; and $717,000 for 2027.