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Intangible Assets and Liabilities | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Liabilities | Intangible Assets and Liabilities We have net lease intangibles that are being amortized over periods ranging from one year to 40 years. In-place lease intangibles, at cost are included in In-place lease intangible assets and other in the consolidated financial statements. Above-market rent intangibles, at cost are included in Above-market rent intangible assets in the consolidated financial statements. Accumulated amortization of in-place lease and above-market rent intangibles is included in Accumulated depreciation and amortization in the consolidated financial statements. Below-market rent intangibles are included in Below-market rent intangible liabilities, net in the consolidated financial statements. Intangible assets and liabilities are summarized as follows (in thousands):
| March 31, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |
In-place lease | $ | 341,443 |  |  | $ | (216,236) |  |  | $ | 125,207 |  |  | $ | 353,525 |  |  | $ | (212,456) |  |  | $ | 141,069 |
Above-market rent | 57,483 |  |  | (34,712) |  |  | 22,771 |  |  | 57,954 |  |  | (32,940) |  |  | 25,014 |
Total intangible assets | $ | 398,926 |  |  | $ | (250,948) |  |  | $ | 147,978 |  |  | $ | 411,479 |  |  | $ | (245,396) |  |  | $ | 166,083 |
Finite-Lived Intangible Liabilities |  |  |  |  |  |  |  |  |  |  |
Below-market rent | $ | (25,042) |  |  | $ | 15,840 |  |  | $ | (9,202) |  |  | $ | (26,801) |  |  | $ | 16,158 |  |  | $ | (10,643) |
Total intangible liabilities | $ | (25,042) |  |  | $ | 15,840 |  |  | $ | (9,202) |  |  | $ | (26,801) |  |  | $ | 16,158 |  |  | $ | (10,643) |
During the three months ended March 31, 2024, the U.S. dollar strengthened against the British pound sterling, euro, and Norwegian krone, resulting in a decrease of $0.5 million in the carrying value of our net intangible assets from December 31, 2023 to March 31, 2024. Net amortization of intangibles, including the effect of foreign currency translation, was $11.7 million and $10.8 million for the three months ended March 31, 2024 and 2023, respectively. Amortization of below-market rent and above-market rent intangibles is recorded as an adjustment to Lease revenues and amortization of in-place lease intangibles is included in Depreciation and amortization.

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- References No definition available. + Details
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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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