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Acquisitions and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2020
Real Estate [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of purchase price to the aggregate assets acquired and liabilities assumed in connection with the five commercial real estate acquisitions in 2019 was as follows (in millions):
Fair value of assets acquired and liabilities assumed
Assets acquired:
Land$106.9 
Property and improvements91.3 
In-place leases23.2 
Favorable leases4.3 
Total assets acquired$225.7 
Liabilities assumed:
Unfavorable leases$7.3 
Total liabilities assumed$7.3 
Net assets acquired$218.4 
The allocation of purchase price to assets acquired and liabilities assumed were as follows (in millions):
Fair value of assets acquired and liabilities assumed
Assets acquired:
Land$92.8 
Property and improvements173.9 
In-place leases32.0 
Favorable leases6.7 
Total assets acquired$305.4 
Liabilities assumed:
Unfavorable leases$2.7 
Notes payable and other debt1
61.0 
Total liabilities assumed$63.7 
Net assets acquired$241.7 
1 Includes a fair value adjustment of $1.0 million.
Schedule of Intangible Assets
Real estate intangible assets, net and other intangible assets included in Prepaid expenses and other assets as of December 31, 2020 and 2019 were as follows (in millions):
20202019
In-place leases$125.0 $125.2 
Favorable leases29.0 29.0 
Accumulated amortization of in-place leases(73.8)(63.4)
Accumulated amortization of favorable leases(18.3)(15.9)
Real estate intangible assets, net$61.9 $74.9 
Other intangible assets$20.4 $20.2 
Accumulated amortization of other intangible assets(10.2)(7.9)
Other intangible assets, net$10.2 $12.3 
Schedule of Estimated Future Amortization Expenses Estimated amortization expenses related to intangible assets over the next five years are as follows (in millions):
Estimated
Amortization
2021$11.5 
20229.1 
20238.1 
20245.8 
20255.4