Intangibles (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets

Intangible assets	December 31, 2025		December 31, 2024
In-place lease intangibles	$	28,587	$	29,340
Lease origination costs	11,983		12,285
Tax intangibles	5,249		5,249
Above-market lease intangibles	114		114
Total intangible assets	45,933		46,988
Accumulated amortization:
In-place lease intangibles	(6,797)		(5,889)
Lease origination costs	(4,713)		(4,025)
Tax intangibles	(2,681)		(2,011)
Above-market lease intangibles	(73)		(55)
Total accumulated amortization	(14,264)		(11,980)
Intangible assets, net	$	31,669	$	35,008
Intangible liabilities:
Below-market lease intangibles	$	(28,873)	$	(28,909)
Accumulated amortization	5,429		4,126
Intangible liabilities, net	$	(23,444)	$	(24,783)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table details the Company’s future amortization of intangibles for each of the next five years and thereafter as of December 31, 2025 ($ in thousands):

	In-place Lease Intangibles		Above-market Lease Intangibles		Other Intangibles		Below-market Lease Intangibles
2026	$	1,558	$	18	$	1,858	$	(1,332)
2027	1,452		7		1,759		(1,327)
2028	1,370		5		1,317		(1,327)
2029	1,320		5		1,119		(1,327)
2030	1,314		6		1,037		(1,327)
Thereafter	14,776		—		2,748		(16,804)
Total	$	21,790	$	41	$	9,838	$	(23,444)