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Lease Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Liabilities Included in Other Assets and Accounts Payable and Other Liabilities | Intangible assets and liabilities are included in Other assets and Accounts payable and other liabilities (Note 5) on the consolidated balance sheet and summarized as follows (in thousands):
|  | December 31, 2020 |  |  | December 31, 2019 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Amortizable Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
In-place lease intangible assets |  | $ | 268,335 |  |  | $ | (171,856 | ) |  | $ | 96,479 |  |  | $ | 249,961 |  |  | $ | (137,108 | ) |  | $ | 112,853 |
Above-market rent |  |  | 19,188 |  |  |  | (14,935 | ) |  |  | 4,253 |  |  |  | 17,227 |  |  |  | (13,260 | ) |  |  | 3,967 |
|  | $ | 287,523 |  |  | $ | (186,791 | ) |  | $ | 100,732 |  |  | $ | 267,188 |  |  | $ | (150,368 | ) |  | $ | 116,820 |
Amortizable Intangible Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Below-market rent |  | $ | (164,923 | ) |  | $ | 88,951 |  |  | $ | (75,972 | ) |  | $ | (160,721 | ) |  | $ | 78,315 |  |  | $ | (82,406 | )
Above-market ground lease |  |  | (671 | ) |  |  | 209 |  |  |  | (462 | ) |  |  | (671 | ) |  |  | 151 |  |  |  | (520 | )
|  | $ | (165,594 | ) |  | $ | 89,160 |  |  | $ | (76,434 | ) |  | $ | (161,392 | ) |  | $ | 78,466 |  |  | $ | (82,926 | )
Scheduled Amortization of Acquired Lease Intangible Assets and Assumed Liabilities | The scheduled amortization of acquired lease intangible assets and assumed liabilities as of December 31, 2020 is as follows (in thousands):
Years Ending December 31, |  | Net Increase in Lease Revenues |  |  | Increase to Amortization |  |  | Reduction of Rent Expense |  |  | Net (Expense) Income |
2021 |  | $ | 6,920 |  |  | $ | (24,599 | ) |  | $ | 58 |  |  | $ | (17,621 | )
2022 |  |  | 6,251 |  |  |  | (18,089 | ) |  |  | 58 |  |  |  | (11,780 | )
2023 |  |  | 5,784 |  |  |  | (13,428 | ) |  |  | 58 |  |  |  | (7,586 | )
2024 |  |  | 5,433 |  |  |  | (9,486 | ) |  |  | 58 |  |  |  | (3,995 | )
2025 |  |  | 4,767 |  |  |  | (8,376 | ) |  |  | 58 |  |  |  | (3,551 | )
Thereafter |  |  | 42,564 |  |  |  | (22,501 | ) |  |  | 172 |  |  |  | 20,235 |
Total |  | $ | 71,719 |  |  | $ | (96,479 | ) |  | $ | 462 |  |  | $ | (24,298 | )

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