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Leases - The Company as a Lessee
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases - The Company as a Lessee Leases - The Company as a Lessee
The following table provides information about the Company's operating lease costs and finance lease costs recognized during the three and nine months ended September 30, 2025 and 2024, (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease cost$569 $483 $1,760 $1,431 
Finance lease cost:
Amortization of right-of-use assets88 73 275 217 
Interest on lease liabilities57 47 176 142 
Total lease cost - operating and finance leases$714 $603 $2,211 $1,790 

In June 2025, the Company finalized negotiations related to an existing operating ground lease involving a 10-year renewal option and a fair market rent reset effective November 1, 2024. In conjunction with the renewal, the Company recognized a right-of-use asset of $15.9 million and lease liability of $15.2 million based on the present value of lease payments over the lease term using a discount rate of 4.6% and adjusted by the amount of any prepaid or accrued lease payments to the lease.
Leases - The Company as a Lessee Leases - The Company as a Lessee
The following table provides information about the Company's operating lease costs and finance lease costs recognized during the three and nine months ended September 30, 2025 and 2024, (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease cost$569 $483 $1,760 $1,431 
Finance lease cost:
Amortization of right-of-use assets88 73 275 217 
Interest on lease liabilities57 47 176 142 
Total lease cost - operating and finance leases$714 $603 $2,211 $1,790 

In June 2025, the Company finalized negotiations related to an existing operating ground lease involving a 10-year renewal option and a fair market rent reset effective November 1, 2024. In conjunction with the renewal, the Company recognized a right-of-use asset of $15.9 million and lease liability of $15.2 million based on the present value of lease payments over the lease term using a discount rate of 4.6% and adjusted by the amount of any prepaid or accrued lease payments to the lease.