INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)

3 Months Ended

Mar. 31, 2026

Intangible Assets and Liabilities Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets and Liabilities

Intangible assets and liabilities, net are summarized as follows:

	March 31, 2026 (unaudited)		December 31, 2025
Intangible assets
Acquired favorable lease intangibles	$	4,322	$	17,245
Less: Accumulated amortization	(2,689)		(8,935)
Acquired favorable lease intangibles, net	1,633		8,310
Acquired customer relationships	12,607		12,607
Less: Accumulated amortization	(1,368)		(988)
Acquired customer relationships, net	11,239		11,619
Total intangible assets, net	$	12,872	$	19,929
Intangible liabilities
Acquired unfavorable lease intangibles	$	5,970	$	7,688
Less: Accumulated amortization	(2,106)		(2,132)
Acquired unfavorable lease intangibles, net	$	3,864	$	5,556

Schedule of Weighted Average Amortization Period of Intangible Assets

The weighted average amortization period of intangible assets acquired during the three months ended March 31, 2026 is as follows:

	Weighted Average Amortization Period
Lease intangibles	2.6 years
Customer relationships	10.4 years
Total intangible assets	7.9 years

Schedule of Amortization of Intangible Assets and Liabilities

Amortization of intangible assets and liabilities is recorded as follows (unaudited):

	Classification in Consolidated Statements of Operations	Three Months Ended March 31,
		2026		2025
Lease intangibles	Lease income	$	337	$	3,206
Customer relationships	Depreciation and amortization	378		95
Total		$	715	3,301

Schedule of Net Annual Amortization of Intangibles

As of March 31, 2026, estimated net annual amortization of intangibles is as follows (unaudited):

Remainder of 2026	$	561
2027	356
2028	989
2029	1,161
2030	1,097
Thereafter	4,844
Total	$	9,008