Location Is Logged-in conditional placeholder

/*
 * This snippet will allow users to use {logged_in} #_LOCATIONNOTES {/logged_in}
 */
add_action('em_location_output_show_condition', 'my_em_location_isloggedin_output_placeholder', 1, 4);
function my_em_location_isloggedin_output_placeholder($replacement, $condition, $match, $EM_Location){

	if( is_object($EM_Location) && preg_match('/^logged_in$/',$condition, $matches) ){

		if( is_user_logged_in() ){
			$replacement = preg_replace("/\{\/?$condition\}/", '', $match);
		}else{
			$replacement = '';
		}

	}

	return $replacement;
}