COPT Defense Properties Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - ofc-20201231.htm

Intangible Assets on Real Estate Acquisitions (Details)

v3.20.4

Intangible Assets on Real Estate Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Intangible assets on real estate acquisitions
Gross Carrying Amount	$ 206,094	$ 206,157
Accumulated Amortization	186,750	178,765
Net Carrying Amount	19,344	27,392
Amortization of the intangible assets	$ 8,000	8,700	$ 15,600
Weighted average amortization period of intangible assets	7 years
Estimated future amortization expense associated with the intangible asset categories for the next five years
2021	$ 4,700
2022	3,200
2023	2,800
2024	2,300
2025	2,000
In-place lease value
Intangible assets on real estate acquisitions
Gross Carrying Amount	131,974	131,975
Accumulated Amortization	123,291	120,894
Net Carrying Amount	$ 8,683	11,081
Weighted average amortization period of intangible assets	6 years
Tenant relationship value
Intangible assets on real estate acquisitions
Gross Carrying Amount	$ 59,069	59,131
Accumulated Amortization	49,055	43,544
Net Carrying Amount	$ 10,014	15,587
Weighted average amortization period of intangible assets	8 years
Above-market leases
Intangible assets on real estate acquisitions
Gross Carrying Amount	$ 13,718	13,718
Accumulated Amortization	13,380	13,318
Net Carrying Amount	$ 338	400
Weighted average amortization period of intangible assets	8 years
Other
Intangible assets on real estate acquisitions
Gross Carrying Amount	$ 1,333	1,333
Accumulated Amortization	1,024	1,009
Net Carrying Amount	$ 309	$ 324
Weighted average amortization period of intangible assets	22 years

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Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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