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IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Liabilities
The following table summarizes our identified intangible assets and liabilities:
(Amounts in thousands)
December 31, 2018
 
December 31, 2017
In-place leases
$
75,454

 
$
88,355

Accumulated amortization
(24,713
)
 
(21,557
)
Below-market ground leases(1)
23,730

 
23,730

Accumulated amortization
(11,791
)
 
(10,819
)
Above-market leases
7,129

 
7,356

Accumulated amortization
(2,565
)
 
(1,228
)
Other intangible assets
1,635

 
1,635

Accumulated amortization
(457
)
 
(223
)
Identified intangible assets, net of accumulated amortization
68,422

 
87,249

Below-market leases
209,316

 
246,791

Accumulated amortization
(65,058
)
 
(65,832
)
Identified intangible liabilities, net of accumulated amortization
$
144,258

 
$
180,959

(1) Intangible assets related to below-market leases where the Company is a lessee under a ground lease.
Schedule of Estimated Annual Amortization Expense
The following table sets forth the estimated annual amortization expense related to intangible assets and liabilities for the five succeeding years commencing January 1, 2019:
(Amounts in thousands)
 
Below-Market
 
Above-Market
 
 
 
Below-Market
Year
 
Operating Lease Income
 
Operating Lease Expense
 
In-Place Leases
 
Ground Leases
2019
 
$
10,005

 
$
1,289

 
$
7,431

 
$
972

2020
 
9,837

 
1,014

 
6,194

 
972

2021
 
9,699

 
807

 
4,982

 
622

2022
 
9,622

 
433

 
4,049

 
590

2023
 
9,575

 
327

 
3,717

 
590