SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Intangible Lease Liabilities

The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):

	December 31, 2024		December 31, 2023
Gross intangible lease liability	$	9,858	$	7,289
Accumulated amortization	(3,269)		(384)
Intangible liabilities, net	$	6,589	$	6,905
Weighted average remaining amortization period in years	1.8		3

Schedule of Estimated Useful Lives of Assets

The Company anticipates the estimated useful lives of its assets by class to be generally as follows:

Building	25-40 years
Building improvements	10-25 years
Tenant improvements	Shorter of lease term or expected useful life
Integral equipment, furniture and fixtures	5 years
Identified intangible assets	Shorter of lease term or expected useful life