INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)

12 Months Ended

Dec. 31, 2025

Intangible Assets and Liabilities Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets and Liabilities

The Company’s intangible assets and liabilities, net are summarized as follows:

	December 31, 2025		December 31, 2024
Intangible assets
Acquired favorable lease intangibles	$	17,245	$	70,375
Less: Accumulated amortization	(8,935)		(29,664)
Acquired favorable lease intangibles, net	8,310		40,711
Acquired customer relationships	12,607		1,907
Less: Accumulated amortization	(988)		(413)
Acquired customer relationships, net	11,619		1,494
Total intangible assets, net	$	19,929	$	42,205
Intangible liabilities
Acquired unfavorable lease intangibles	$	7,688	$	13,767
Less: Accumulated amortization	(2,132)		(1,259)
Acquired unfavorable lease intangibles, net	$	5,556	$	12,508

Schedule of Weighted Average Amortization Period of Intangible Assets

The weighted average amortization period of intangible assets acquired during the year ended December 31, 2025 is as follows:

	Weighted Average Amortization Period
Lease intangibles	3.5 years
Customer relationships	10.5 years
Total intangible assets	7.7 years

Schedule of Intangible Assets and Liabilities

Amortization of intangible assets and liabilities is recorded as follows:

	Classification in Consolidated Statements of Operations	Year Ended December 31,
		2025		2024		2023
Lease intangibles	Lease income	$	6,710	$	15,597	$	15,126
Customer relationships	Depreciation and amortization	603		403		11
Total		$	7,313	$	16,000	$	15,137

Schedule of Net Annual Amortization of Intangibles

As of December 31, 2025, estimated net annual amortization of intangibles is as follows:

2026	$	2,444
2027	1,877
2028	2,436
2029	1,480
2030	1,398
Thereafter	4,738
Total	$	14,373