INTANGIBLE ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Liabilities

The following table summarizes the Company’s intangible assets and liabilities as of December 31, 2025 and 2024 (in thousands):

	As of December 31,
	2025		2024
Lease Intangible Assets:
Above market leases	$	5,606	$	5,606
Tenant origination and absorption costs	90,430		40,544
Tenant relationship	14,595		15,914
Gross lease intangible assets	110,631		62,064
Accumulated amortization	(45,310)		(34,600)
Lease intangible assets, net	$	65,321	$	27,464
Lease Intangible Liabilities:
Below market leases	$	61,537	$	64,538
Accumulated amortization	(40,154)		(37,691)
Lease intangible liabilities, net	$	21,383	$	26,847

Schedule of Real Estate Intangible Amortization Income (Expense)

The following is a summary of real estate intangible amortization income (expense) for the years ended December 31, 2025, 2024 and 2023 (in thousands): 

	Year Ended December 31,
	2025		2024		2023
Increase to rental income related to above/below market leases, net	$	4,880	$	4,867	$	5,821
Depreciation and amortization related to tenant origination and absorption costs and tenant relationship	(19,085)		(7,501)		(11,616)

Schedule of Remaining Unamortized Balance for Outstanding Intangible Assets

The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2025 will be amortized for the years ending December 31 as follows (dollars in thousands):

	Lease Intangible Assets		Lease Intangible Liabilities
2026	$	34,296	$	4,564
2027	17,521		4,438
2028	4,274		4,296
2029	1,997		4,190
2030	1,767		3,895
Thereafter	5,466		—
	$	65,321	$	21,383
Weighted-average remaining amortization period	3.5 years		4.8 years

Schedule of Remaining Unamortized Balance for Outstanding Intangible Liabilities

The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2025 will be amortized for the years ending December 31 as follows (dollars in thousands):

	Lease Intangible Assets		Lease Intangible Liabilities
2026	$	34,296	$	4,564
2027	17,521		4,438
2028	4,274		4,296
2029	1,997		4,190
2030	1,767		3,895
Thereafter	5,466		—
	$	65,321	$	21,383
Weighted-average remaining amortization period	3.5 years		4.8 years