Intangible Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of finite-lived intangible assets and liabilities

The following table summarizes the Company’s intangible assets and liabilities:

As of	Gross Asset (Liability)		Accumulated Amortization		Net Carrying Amount
			(in thousands)
September 30, 2025:
In-place lease intangibles	$	58,679	$	(44,153)	$	14,526
Above-market leases	842		(587)		255
Other intangibles	(1,139)		501		(638)
Below-market leases	(35,355)		15,462		(19,893)
December 31, 2024:
In-place lease intangibles	$	51,630	$	(38,994)	$	12,636
Above-market leases	795		(490)		305
Other intangibles	(1,262)		523		(739)
Below-market leases	(29,069)		12,898		(16,171)

Schedule of future amortization

Future amortization/accretion of these intangibles is below (in thousands):

Year Ending December 31,	In-place lease intangibles		Above-market leases		Other intangibles		Below-market leases
2025-Remaining	$	1,715	$	31	$	(63)	$	(892)
2026	5,275		104		(233)		(3,182)
2027	3,077		59		(141)		(2,558)
2028	1,923		33		(74)		(2,153)
2029	1,237		23		(58)		(1,863)
Thereafter	1,299		5		(69)		(9,245)
Total	$	14,526	$	255	$	(638)	$	(19,893)