Intangibles (Tables)

12 Months Ended

Dec. 31, 2023

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:

	December 31, 2023
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	46,969	$	(32,085)	$	14,884
Leasing commissions	5,768		(1,506)		4,262
Above-market lease intangibles	1,951		(367)		1,584
Total intangible assets, net	$	54,688	$	(33,958)	$	20,730
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	2,726	$	(956)	$	1,770
Total intangible liabilities, net	$	2,726	$	(956)	$	1,770

	December 31, 2022
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	47,366	$	(28,038)	$	19,328
Leasing commissions	5,774		(844)		4,930
Above-market lease intangibles	1,951		(191)		1,760
Total intangible assets, net	$	55,091	$	(29,073)	$	26,018
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	2,904	$	(560)	$	2,344
Total intangible liabilities, net	$	2,904	$	(560)	$	2,344

Schedule of Below Market Leases

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

	December 31, 2023
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	46,969	$	(32,085)	$	14,884
Leasing commissions	5,768		(1,506)		4,262
Above-market lease intangibles	1,951		(367)		1,584
Total intangible assets, net	$	54,688	$	(33,958)	$	20,730
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	2,726	$	(956)	$	1,770
Total intangible liabilities, net	$	2,726	$	(956)	$	1,770

	December 31, 2022
$ in thousands	Total Cost		Accumulated Amortization		Intangible Assets, net
Intangible assets, net:
In-place lease intangibles	$	47,366	$	(28,038)	$	19,328
Leasing commissions	5,774		(844)		4,930
Above-market lease intangibles	1,951		(191)		1,760
Total intangible assets, net	$	55,091	$	(29,073)	$	26,018
	Total Cost		Accumulated Amortization		Intangible Liabilities, net
Intangible liabilities, net:
Below-market lease intangibles	$	2,904	$	(560)	$	2,344
Total intangible liabilities, net	$	2,904	$	(560)	$	2,344

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 December 31, 2023 is:

$ in thousands	In-place Lease Intangibles		Leasing Commissions		Above-market Lease Intangibles		Below-market Lease Intangibles
2024	$	2,523	$	630	$	176	$	(361)
2025	2,110		612		176		(361)
2026	2,073		610		176		(361)
2027	1,726		531		176		(274)
2028	1,593		496		176		(222)
Thereafter	4,859		1,383		704		(191)
Total	$	14,884	$	4,262	$	1,584	$	(1,770)

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 December 31, 2023 is:

$ in thousands	In-place Lease Intangibles		Leasing Commissions		Above-market Lease Intangibles		Below-market Lease Intangibles
2024	$	2,523	$	630	$	176	$	(361)
2025	2,110		612		176		(361)
2026	2,073		610		176		(361)
2027	1,726		531		176		(274)
2028	1,593		496		176		(222)
Thereafter	4,859		1,383		704		(191)
Total	$	14,884	$	4,262	$	1,584	$	(1,770)