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INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)
 9 Months Ended
Sep. 30, 2024
Intangible Assets and Liabilities Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets and Liabilities
Intangible assets and liabilities, net are summarized as follows:
September 30, 2024December 31, 2023
Intangible assets
Acquired favorable lease intangibles$66,535 $68,041 
Less: Accumulated amortization(30,123)(19,347)
Acquired favorable lease intangibles, net36,412 48,694 
Acquired customer relationships 1,907 1,907 
Less: Accumulated amortization(318)(11)
Acquired customer relationships, net1,589 1,896 
Total intangible assets, net$38,001 $50,590 
Intangible liabilities
Acquired unfavorable lease intangibles$3,085 $3,151 
Less: Accumulated amortization(1,040)(1,389)
Acquired unfavorable lease intangibles, net$2,045 $1,762 
Schedule of Intangible Assets and Liabilities
Amortization of intangible assets and liabilities is recorded as follows:
Classification in Consolidated Statements of OperationsThree Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Lease intangiblesLease income$3,720 $3,726 $11,482 $11,325 
Customer relationshipsDepreciation and amortization95 — 307 — 
Total$3,815 3,726 $11,789 11,325 
Schedule of Net Annual Amortization of Intangibles
As of September 30, 2024, estimated net annual amortization of intangibles is as follows:
Remainder of 2024$3,849 
202512,652 
20269,356 
20274,348 
20283,759 
Thereafter1,992 
Total$35,956