Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Intangible Assets and Liabilities

As of March 31, 2025 and December 31, 2024, the Company’s intangible assets and liabilities, including properties held for sale (if any), consisted of the following (dollars in thousands):

	March 31, 2025						December 31, 2024
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
In-place leases	$	205,705	$	(117,448)	$	88,257	$	203,386	$	(111,927)	$	91,459
Above-market leases	5,089		(3,855)		1,234		5,089		(3,723)		1,366
Below-market leases	(185,902)		74,503		(111,400)		(185,995)		69,453		(116,542)
Total	$	24,892	$	(46,800)	$	(21,909)	$	22,480	$	(46,197)	$	(23,717)

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 Three Months Ended March 31,
	2025		2024
Beginning
Cash and cash equivalents at beginning of period	$	18,070	$	165,400
Restricted cash	282		836
Cash and cash equivalents and restricted cash	18,352		166,236
Ending
Cash and cash equivalents at end of period	156,502		649,575
Restricted cash	624		10,874
Cash and cash equivalents and restricted cash	157,126		660,449
Net increase in cash and cash equivalents and restricted cash	$	138,774	$	494,213

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 Three Months Ended March 31,
	2025		2024
Beginning
Cash and cash equivalents at beginning of period	$	18,070	$	165,400
Restricted cash	282		836
Cash and cash equivalents and restricted cash	18,352		166,236
Ending
Cash and cash equivalents at end of period	156,502		649,575
Restricted cash	624		10,874
Cash and cash equivalents and restricted cash	157,126		660,449
Net increase in cash and cash equivalents and restricted cash	$	138,774	$	494,213