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Intangible Assets and Liabilities | 9 Months Ended
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Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Intangible Assets and Liabilities |
7. | Intangible Assets and Liabilities
The following tables summarize our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) and the related amortization as of the dates thereof and for the periods set forth below.
| As of |
(Amounts in thousands) | September 30, 2020 |  |  | December 31, 2019 |
Intangible assets: |  |  |  |  |  |  |
Gross amount | $ | 436,851 |  |  | $ | 466,099 |
Accumulated amortization |  | (269,176 | ) |  |  | (262,930 | )
| $ | 167,675 |  |  | $ | 203,169 |
Intangible liabilities: |  |  |  |  |  |  |
Gross amount | $ | 163,977 |  |  | $ | 174,670 |
Accumulated amortization |  | (102,492 | ) |  |  | (100,881 | )
| $ | 61,485 |  |  | $ | 73,789 |
| For the Three Months Ended |  |  | For the Nine Months Ended |
| September 30, |  |  | September 30, |
(Amounts in thousands) | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Amortization of above and below-market leases, net (component of "rental revenue") | $ | 1,910 |  |  | $ | 2,571 |  |  | $ | 4,688 |  |  | $ | 8,614 |
Amortization of acquired in-place leases (component of "depreciation and amortization") |  | 9,195 |  |  |  | 11,379 |  |  |  | 27,877 |  |  |  | 35,909 |
The following table sets forth annual amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for each of the five succeeding years commencing from January 1, 2021.
(Amounts in thousands) For the Year Ending December 31, |  | Above and Below-Market Leases, Net |  |  | In-Place Leases |
2021 |  | $ | 3,626 |  |  | $ | 26,375 |
2022 |  |  | 1,156 |  |  |  | 21,878 |
2023 |  |  | 4,583 |  |  |  | 17,811 |
2024 |  |  | 5,523 |  |  |  | 14,342 |
2025 |  |  | 4,167 |  |  |  | 10,435 |

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- Definition The entire disclosure related to intangible assets and liabilities including above-market leases and In-Place lease assets and below-market lease liabilities. + References No definition available. + Details
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- References No definition available. + Details
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