XML 35 R24.htm IDEA: XBRL DOCUMENT v3.24.3
Deferred Costs, Acquired Lease Intangibles and Goodwill (Tables)
 9 Months Ended
Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Deferred Costs, Net
Deferred costs, net, consisted of the following:
(amounts in thousands)September 30, 2024December 31, 2023
Deferred leasing costs$222,978 $224,295 
Acquired in-place lease value, acquired deferred leasing costs and deferred acquisition costs140,975 158,267 
Acquired above-market leases22,584 23,918 
Total deferred costs, excluding deferred financing costs386,537 406,480 
Less: accumulated amortization(219,188)(236,900)
Total deferred costs, net, excluding net deferred financing costs167,349 169,580 
Deferred financing costs associated with the unsecured revolving credit facility, net of accumulated amortization of $7,252 and $5,709, respectively (Note 5)
9,371 2,877 
Total deferred costs, net$176,720 $172,457 
Deferred financing costs, net, consisted of the following:
(amounts in thousands)
September 30, 2024December 31, 2023
Deferred financing costs, included as a component of net debt$36,309 $34,887 
Deferred financings costs, included as a component of net deferred costs (Note 4)16,623 8,586 
Total deferred financing costs$52,932 $43,473 
Less: accumulated amortization(32,871)(31,108)
Total deferred financing costs, net$20,061 $12,365 
Schedule of Amortizing Acquired Intangible Assets and Liabilities
Acquired below-market ground leases, net, consisted of the following:
(amounts in thousands)September 30, 2024December 31, 2023
Acquired below-market ground leases$396,916 $396,916 
Less: accumulated amortization(81,548)(75,675)
Acquired below-market ground leases, net$315,368 $321,241 
Acquired below-market leases, net, consisted of the following:
(amounts in thousands)September 30, 2024December 31, 2023
Acquired below-market leases$(53,148)$(55,155)
Less: accumulated amortization38,446 41,405 
Acquired below-market leases, net$(14,702)$(13,750)
Schedule of Amortization Related to Deferred Costs and Acquired Lease Intangibles
The total amortization related to deferred costs and acquired lease intangibles consisted of the following:
Three Months Ended September 30,Nine Months Ended September 30,
(amounts in thousands)2024202320242023
Rental revenue:
Amortization of below-market leases, net of above-market leases$476 $554 $1,503 $1,932 
Depreciation and amortization:
Amortization of deferred leasing costs and acquired deferred leasing costs5,930 5,850 16,948 17,747 
Amortization related to acquired in-place lease value1,144 1,489 3,663 6,114