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Intangible Assets and Liabilities
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Liabilities Intangible Assets and Liabilities
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):
June 30, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Finite-Lived Intangible Assets
In-place lease$190,054 $(121,177)$68,877 $207,988 $(123,040)$84,948 
Above-market rent29,742 (18,946)10,796 30,512 (17,572)12,940 
Total intangible assets$219,796 $(140,123)$79,673 $238,500 $(140,612)$97,888 
Finite-Lived Intangible Liabilities
Below-market rent$(14,824)$10,839 $(3,985)$(18,856)$12,551 $(6,305)
Total intangible liabilities$(14,824)$10,839 $(3,985)$(18,856)$12,551 $(6,305)

Net amortization of intangibles, including the effect of foreign currency translation, was $5.5 million and $9.8 million for the three months ended June 30, 2025 and 2024, respectively, and $10.9 million and $21.5 million for the six months ended June 30, 2025 and 2024, 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.