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Lease Intangibles (Tables) | 6 Months Ended
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Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Liabilities Included in Other Assets and Other Liabilities | Intangible assets and liabilities are included in other assets and other liabilities (Note 5) on the consolidated balance sheet and summarized as follows (in thousands):
|  | June 30, 2019 |  |  | December 31, 2018 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Amortizable Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
In-place lease intangible assets |  | $ | 234,479 |  |  | $ | (122,067 | ) |  | $ | 112,412 |  |  | $ | 216,021 |  |  | $ | (105,972 | ) |  | $ | 110,049 |
Above-market rent |  |  | 17,991 |  |  |  | (13,329 | ) |  |  | 4,662 |  |  |  | 18,169 |  |  |  | (12,279 | ) |  |  | 5,890 |
|  | $ | 252,470 |  |  | $ | (135,396 | ) |  | $ | 117,074 |  |  | $ | 234,190 |  |  | $ | (118,251 | ) |  | $ | 115,939 |
Amortizable Intangible Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Below-market rent |  | $ | (157,657 | ) |  | $ | 68,818 |  |  | $ | (88,839 | ) |  | $ | (152,188 | ) |  | $ | 57,721 |  |  | $ | (94,467 | )
Above-market ground lease |  |  | (671 | ) |  |  | 122 |  |  |  | (549 | ) |  |  | (671 | ) |  |  | 93 |  |  |  | (578 | )
|  | $ | (158,328 | ) |  | $ | 68,940 |  |  | $ | (89,388 | ) |  | $ | (152,859 | ) |  | $ | 57,814 |  |  | $ | (95,045 | )
Scheduled Amortization of Acquired Lease Intangible Assets and Assumed Liabilities | The scheduled amortization of acquired lease intangible assets and assumed liabilities as of June 30, 2019 is as follows (in thousands):
Years Ending December 31, |  | Net Increase in Lease Revenues |  |  | Increase to Amortization |  |  | Reduction of Rent Expense |  |  | Net (Expense) Income |
2019 (Remainder) |  | $ | 2,805 |  |  | $ | (15,140 | ) |  | $ | 29 |  |  | $ | (12,306 | )
2020 |  |  | 8,011 |  |  |  | (24,067 | ) |  |  | 58 |  |  |  | (15,998 | )
2021 |  |  | 7,512 |  |  |  | (17,514 | ) |  |  | 58 |  |  |  | (9,944 | )
2022 |  |  | 7,141 |  |  |  | (12,551 | ) |  |  | 58 |  |  |  | (5,352 | )
2023 |  |  | 7,134 |  |  |  | (9,919 | ) |  |  | 58 |  |  |  | (2,727 | )
Thereafter |  |  | 51,574 |  |  |  | (33,221 | ) |  |  | 288 |  |  |  | 18,641 |
Total |  | $ | 84,177 |  |  | $ | (112,412 | ) |  | $ | 549 |  |  | $ | (27,686 | )

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