Intangibles (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The gross carrying amount and accumulated amortization of our intangible assets and liabilities are:

	June 30, 2022
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	44,756	$	(18,343)	$	26,413
Leasing commissions	5,774		(516)		5,258
Above-market lease intangibles	1,951		(103)		1,848
Total intangible assets, net	$	52,481	$	(18,962)	$	33,519
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	2,904	$	(244)	$	2,660
Total intangible liabilities, net	$	2,904	$	(244)	$	2,660

	December 31, 2021
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	24,094	$	(6,115)	$	17,979
Leasing commissions	2,932		(230)		2,702
Above-market lease intangibles	1,322		(26)		1,296
Total intangible assets, net	$	28,348	$	(6,371)	$	21,977
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	1,677	$	(195)	$	1,482
Total intangible liabilities, net	$	1,677	$	(195)	$	1,482

Schedule of Below Market Leases

The gross carrying amount and accumulated amortization of our intangible assets and liabilities are:

	June 30, 2022
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	44,756	$	(18,343)	$	26,413
Leasing commissions	5,774		(516)		5,258
Above-market lease intangibles	1,951		(103)		1,848
Total intangible assets, net	$	52,481	$	(18,962)	$	33,519
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	2,904	$	(244)	$	2,660
Total intangible liabilities, net	$	2,904	$	(244)	$	2,660

	December 31, 2021
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	24,094	$	(6,115)	$	17,979
Leasing commissions	2,932		(230)		2,702
Above-market lease intangibles	1,322		(26)		1,296
Total intangible assets, net	$	28,348	$	(6,371)	$	21,977
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	1,677	$	(195)	$	1,482
Total intangible liabilities, net	$	1,677	$	(195)	$	1,482

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated future amortization of our intangibles for each of the next five years and thereafter as of June 30, 2022 is:

$ in thousands	In-place Lease Intangibles		Leasing Commissions		Above-market Lease Intangibles		Below-market Lease Intangibles
2022 (remainder)	$	6,675	$	309	$	88	$	(273)
2023	3,596		616		176		(402)
2024	2,192		616		176		(402)
2025	2,192		616		176		(402)
2026	2,192		614		176		(402)
2027	1,968		552		176		(315)
Thereafter	7,598		1,935		880		(464)
	$	26,413	$	5,258	$	1,848	$	(2,660)

Schedule of Below Market Lease, Future Amortization Income

The estimated future amortization of our intangibles for each of the next five years and thereafter as of June 30, 2022 is:

$ in thousands	In-place Lease Intangibles		Leasing Commissions		Above-market Lease Intangibles		Below-market Lease Intangibles
2022 (remainder)	$	6,675	$	309	$	88	$	(273)
2023	3,596		616		176		(402)
2024	2,192		616		176		(402)
2025	2,192		616		176		(402)
2026	2,192		614		176		(402)
2027	1,968		552		176		(315)
Thereafter	7,598		1,935		880		(464)
	$	26,413	$	5,258	$	1,848	$	(2,660)