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)	March 31, 2025			December 31, 2024
Intangible assets:
Gross amount	$	197,625		$	197,625
Accumulated amortization		(150,642	)		(147,133	)
	$	46,983		$	50,492
Intangible liabilities:
Gross amount	$	114,618		$	114,618
Accumulated amortization		(95,317	)		(93,748	)
	$	19,301		$	20,870


	For the Three Months Ended March 31,
(Amounts in thousands)	2025		2024
Amortization of above and below-market leases, net (component of "rental revenue")	$	1,453	$	1,340
Amortization of acquired in-place leases (component of "depreciation and amortization")		3,158		4,760

The following table sets forth amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for the nine-month period from April 1, 2025 through December 31, 2025, and each of the five succeeding years commencing from January 1, 2026.


(Amounts in thousands)	Above and Below-Market Leases, Net		In-Place Leases
2025	$	3,109	$	6,876
2026		2,947		7,137
2027		2,635		6,493
2028		2,554		6,414
2029		2,117		5,756
2030		1,728		4,667