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Lease Intangibles (Tables) | 9 Months Ended
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Sep. 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):
|  | September 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 |  | $ | 245,221 |  |  | $ | (128,237 | ) |  | $ | 116,984 |  |  | $ | 216,021 |  |  | $ | (105,972 | ) |  | $ | 110,049 |
Above-market rent |  |  | 17,118 |  |  |  | (12,931 | ) |  |  | 4,187 |  |  |  | 18,169 |  |  |  | (12,279 | ) |  |  | 5,890 |
|  | $ | 262,339 |  |  | $ | (141,168 | ) |  | $ | 121,171 |  |  | $ | 234,190 |  |  | $ | (118,251 | ) |  | $ | 115,939 |
Amortizable Intangible Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Below-market rent |  | $ | (159,814 | ) |  | $ | 70,516 |  |  | $ | (89,298 | ) |  | $ | (152,188 | ) |  | $ | 57,721 |  |  | $ | (94,467 | )
Above-market ground lease |  |  | (671 | ) |  |  | 137 |  |  |  | (534 | ) |  |  | (671 | ) |  |  | 93 |  |  |  | (578 | )
|  | $ | (160,485 | ) |  | $ | 70,653 |  |  | $ | (89,832 | ) |  | $ | (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 September 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) |  | $ | 2,233 |  |  | $ | (8,454 | ) |  | $ | 15 |  |  | $ | (6,206 | )
2020 |  |  | 8,120 |  |  |  | (27,446 | ) |  |  | 58 |  |  |  | (19,268 | )
2021 |  |  | 7,672 |  |  |  | (20,486 | ) |  |  | 58 |  |  |  | (12,756 | )
2022 |  |  | 7,312 |  |  |  | (14,970 | ) |  |  | 58 |  |  |  | (7,600 | )
2023 |  |  | 7,386 |  |  |  | (11,432 | ) |  |  | 58 |  |  |  | (3,988 | )
Thereafter |  |  | 52,388 |  |  |  | (34,196 | ) |  |  | 287 |  |  |  | 18,479 |
Total |  | $ | 85,111 |  |  | $ | (116,984 | ) |  | $ | 534 |  |  | $ | (31,339 | )

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