Intangible Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of deferred financings costs and various real estate acquisition lease intangibles

The Company has deferred financing costs and various real estate acquisition lease intangibles included in its Consolidated Balance Sheets as of December 31, 2022 and 2021 as detailed in the table below. The Company did not have any indefinite lived intangible assets or liabilities as of December 31, 2022 and 2021.

	Gross Balance at December 31,				Accumulated Amortization at December 31,				Weighted Average
(Dollars in thousands)	2022		2021		2022		2021		Remaining Life (Years)	Balance Sheet Classification
Deferred financing costs-Revolving Credit Facility	$	3,042	$	3,042	$	2,359	$	2,146	3.3	Other assets, net
Deferred financing costs-Term Loans	2,551		2,377		627		972		5.9	Debt, net
Deferred financing costs-Mortgage Note Payable	108		108		81		61		1.3	Debt, net
Above-market lease intangibles	2,938		960		539		349		5.8	Other assets, net
Below-market lease intangibles	(2,779)		(2,129)		(1,703)		(1,513)		5.5	Other liabilities, net
At-market lease intangibles	93,618		84,562		66,320		57,841		4.5	Real estate properties
Total intangibles	$	99,478	$	88,920	$	68,223	$	59,856	4.8

Schedule of expected future amortization expense, net

Expected future amortization, net, for the next five years of the Company's intangible assets and liabilities, in place as of December 31, 2022 are included in the table below.

(in thousands)	Amortization, net
2023	$	9,030
2024	$	7,547
2025	$	5,394
2026	$	3,191
2027	$	1,899