Acquired 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 identified intangible assets and liabilities as of December 31, 2025 and 2024:

	December 31, 2025			December 31, 2024
Intangible assets:
Acquired in-place lease value	$	183,305		$	183,305
Acquired above market lease value		52,640			52,640
Accumulated amortization		(196,590	)		(186,893	)
Acquired lease intangibles, net	$	39,355		$	49,052
Intangible liabilities:
Acquired below market lease value	$	79,914		$	79,914
Accumulated amortization		(49,153	)		(45,858	)
Acquired below market lease intangibles, net	$	30,761		$	34,056

Schedule of Amortization of Acquired In Place Lease Value, Above Market and Below Market Lease Values

Amortization pertaining to acquired in-place lease value, above market lease value and below market lease value is summarized below:

Amortization recorded as amortization expense:	2025			2024			2023
Acquired in-place lease value	$	6,759		$	9,339		$	11,538
Amortization recorded as a (reduction) increase to rental income:
Acquired above market leases	$	(2,938	)	$	(3,436	)	$	(3,596	)
Acquired below market leases		3,295			3,364			5,919
Net rental income increase (reduction)	$	357		$	(72	)	$	2,323

Schedule of Estimated Amortization of Intangible Lease Assets and Liabilities

Estimated amortization of the respective intangible lease assets and liabilities as of December 31, 2025 for each of the five succeeding years and thereafter is as follows:

	Acquired In-Place Leases		Above Market Leases		Below Market Leases
2026	$	4,937	$	2,452	$	2,848
2027		3,562		1,836		2,692
2028		2,864		1,590		2,560
2029		2,580		1,508		2,485
2030		2,007		1,435		2,269
Thereafter		9,029		5,555		17,907
Total	$	24,979	$	14,376	$	30,761