Intangibles (Tables)

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Gross Carrying Amount and Accumulated Amortization of Intangible Assets and Liabilities

The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities consisted of the following ($ in thousands):

	June 30, 2025			December 31, 2024
Intangible assets: (1)
In-place lease intangibles	$	194,090		$	226,714
Above-market lease intangibles		36,316			35,344
Other		35,366			35,345
Total intangible assets		265,772			297,403
Accumulated amortization:
In-place lease amortization		(90,081	)		(106,980	)
Above-market lease amortization		(18,127	)		(16,348	)
Other		(13,355	)		(12,130	)
Total accumulated amortization		(121,563	)		(135,458	)
Intangible assets, net	$	144,209		$	161,945
Intangible liabilities: (2)
Below-market lease intangibles	$	60,269		$	74,189
Total intangible liabilities		60,269			74,189
Accumulated amortization:
Below-market lease amortization		(24,293	)		(26,588	)
Total accumulated amortization		(24,293	)		(26,588	)
Intangible liabilities, net	$	35,976		$	47,601

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(1)Included in Other assets on the Company’s Condensed Consolidated Balance Sheets.

(2)Included in Other liabilities on the Company’s Condensed Consolidated Balance Sheets.

Summary of Estimated Future Amortization on Intangibles

The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter as of June 30, 2025 is as follows ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Other		Below-market Lease Intangibles
2025 (remaining)	$	13,281	$	2,027	$	1,546	$	(2,606	)
2026		19,639		3,729		2,696		(4,782	)
2027		16,469		3,165		2,696		(4,324	)
2028		13,397		2,565		2,696		(3,933	)
2029		11,061		2,406		2,696		(3,457	)
Thereafter		30,162		4,297		9,681		(16,874	)
	$	104,009	$	18,189	$	22,011	$	(35,976	)