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Intangible Assets, Liabilities, and Deferred Leasing Costs
 12 Months Ended
Dec. 31, 2024
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, intangible liabilities, and deferred leasing costs:
As of December 31
20242023
Intangible assets:
In-place leases$216,175 $183,139 
Above-market leases16,053 17,967 
Intangible assets232,228 201,106 
Accumulated amortization:
In-place leases(87,104)(78,177)
Above-market leases(7,704)(8,444)
Accumulated amortization(94,808)(86,621)
Intangible assets, net$137,420 $114,485 
Intangible liabilities:
Below-market leases$65,776 $52,412 
Accumulated amortization(22,879)(22,068)
Intangible liabilities, net$42,897 $30,344 
Deferred leasing costs:
Leasing costs$25,132 $22,621 
Accumulated amortization(8,993)(7,626)
Deferred leasing costs, net$16,139 $14,995 

The following table summarizes the amortization related to intangible assets, intangible liabilities, and deferred leasing costs:
Year ended December 31
202420232022
Intangible assets:
In-place leases$28,133 $32,179 $20,993 
Above-market leases2,452 2,977 2,018 
Amortization of intangible assets$30,585 $35,156 $23,011 
Intangible liabilities:
Amortization of below-market leases$4,879 $5,976 $7,403 
Deferred leasing costs:
Amortization of deferred leasing costs$3,213 $2,691 $2,533 

The following table summarizes the amortization during the next five years and thereafter related to intangible assets, intangible liabilities, and deferred leasing costs as of December 31, 2024:
Year ending December 31,In-place leasesAbove market leasesBelow market leasesDeferred leasing costs
2025$29,159 $2,143 $5,196 $2,630 
202623,450 1,719 4,649 2,463 
202717,375 1,273 3,722 2,203 
202813,323 967 3,205 1,910 
20299,426 616 2,894 1,631 
Thereafter36,338 1,631 23,231 5,302 
Total$129,071 $8,349 $42,897 $16,139