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Intangible Assets, Liabilities, and Deferred Leasing Costs | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Liabilities, and Deferred Leasing Costs | Intangible Assets, Liabilities, and Deferred Leasing Costs The following table summarizes the Company’s intangible assets, liabilities, and deferred leasing costs as of December 31, 2021 and 2020:
| As of December 31,
| 2021 |  | 2020
Intangible assets: |  |  |
In-place leases | $ | 137,579 |  |  | $ | 146,484 |
Above-market leases | 15,082 |  |  | 15,124 |
Intangible assets | 152,661 |  |  | 161,608 |
Accumulated amortization: |  |  |
In-place leases | (63,741) |  |  | (58,571) |
Above-market leases | (7,894) |  |  | (7,315) |
Accumulated amortization | (71,635) |  |  | (65,886) |
Intangible assets, net | $ | 81,026 |  |  | $ | 95,722 |
Intangible liabilities: |  |  |
Below-market leases | $ | 58,256 |  |  | $ | 64,963 |
Accumulated amortization | (29,261) |  |  | (30,091) |
Intangible liabilities, net | $ | 28,995 |  |  | $ | 34,872 |
Deferred leasing costs: |  |  |
Leasing costs | $ | 18,482 |  |  | $ | 15,029 |
Accumulated amortization | (6,055) |  |  | (4,298) |
Deferred leasing costs, net | $ | 12,427 |  |  | $ | 10,731 |
The following table provides a summary of the amortization related to intangible assets, liabilities, and deferred leasing costs for the years ended December 31, 2021, 2020 and 2019:
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Intangible assets: |  |  |  |  |
In-place leases | $ | 18,730 |  |  | $ | 22,994 |  |  | $ | 24,601 |
Above-market leases | 2,036 |  |  | 2,446 |  |  | 2,613 |
Amortization of intangible assets | $ | 20,766 |  |  | $ | 25,440 |  |  | $ | 27,214 |
Intangible liabilities: |  |  |  |  |
Amortization of below-market leases | $ | 6,317 |  |  | $ | 9,468 |  |  | $ | 8,736 |
Deferred leasing costs: |  |  |  |  |
Amortization of deferred leasing costs | $ | 2,138 |  |  | $ | 1,913 |  |  | $ | 2,311 |
The following table provides a summary of the amortization during the next five years and thereafter related to intangible assets, liabilities, and deferred leasing costs as of December 31, 2021:
Year ending December 31, |  | In-place leases |  | Above market leases |  | Deferred leasing costs |  | Below market leases
2022 |  | $ | 14,998 |  |  | $ | 1,684 |  |  | $ | 2,846 |  |  | $ | 4,850 |
2023 |  | 12,097 |  |  | 1,311 |  |  | 1,891 |  |  | 3,753 |
2024 |  | 9,879 |  |  | 989 |  |  | 1,605 |  |  | 3,014 |
2025 |  | 8,584 |  |  | 777 |  |  | 1,460 |  |  | 2,579 |
2026 |  | 7,638 |  |  | 640 |  |  | 1,300 |  |  | 2,356 |
Thereafter |  | 20,642 |  |  | 1,787 |  |  | 3,325 |  |  | 12,443 |
Total |  | $ | 73,838 |  |  | $ | 7,188 |  |  | $ | 12,427 |  |  | $ | 28,995 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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