Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Schedule of Intangible Assets and Liabilities

As of September 30, 2024 and December 31, 2023, the Company’s intangible assets and liabilities, including properties held for sale (if any), consisted of the following (dollars in thousands):

	September 30, 2024						December 31, 2023
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
In-place leases	$	172,756	$	(107,543)	$	65,213	$	143,444	$	(93,476)	$	49,968
Above-market leases	5,231		(3,730)		1,501		3,885		(3,463)		422
Below-market leases	(156,160)		64,910		(91,250)		(137,047)		52,329		(84,718)
Total	$	21,827	$	(46,363)	$	(24,536)	$	10,282	$	(44,610)	$	(34,328)

Schedule of Depreciation and Useful Lives of Real Estate and Intangible Assets

The following table reflects the standard depreciable lives typically used to compute depreciation and amortization. However, such depreciable lives may be different based on the estimated useful life of such assets or liabilities.

Description	Standard Depreciable Life
Land	Not depreciated
Building	40 years
Building Improvements	5-40 years
Tenant Improvements	Shorter of lease term or useful life
Leasing Costs	Lease term
In-place Leases	Lease term
Above/Below-Market Leases	Lease term

Schedule of Cash and Cash Equivalents and Restricted Cash

The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):

	For the Nine Months Ended September 30,
	2024		2023
Beginning
Cash and cash equivalents at beginning of period	$	165,400	$	26,393
Restricted cash	836		1,690
Cash and cash equivalents and restricted cash	166,236		28,083
Ending
Cash and cash equivalents at end of period	243,670		96,196
Restricted cash	261		4,026
Cash and cash equivalents and restricted cash	243,931		100,222
Net increase in cash and cash equivalents and restricted cash	$	77,695	$	72,139

Schedule of Cash and Cash Equivalents and Restricted Cash

The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):

	For the Nine Months Ended September 30,
	2024		2023
Beginning
Cash and cash equivalents at beginning of period	$	165,400	$	26,393
Restricted cash	836		1,690
Cash and cash equivalents and restricted cash	166,236		28,083
Ending
Cash and cash equivalents at end of period	243,670		96,196
Restricted cash	261		4,026
Cash and cash equivalents and restricted cash	243,931		100,222
Net increase in cash and cash equivalents and restricted cash	$	77,695	$	72,139