Intangibles (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Identified Intangible Lease Assets

The gross carrying amount and accumulated amortization of the Company’s identified intangible lease assets consisted of the following:

		December 31, 2023						December 31, 2022
	Weighted Average Life (Years)	Intangible lease assets, gross		Accumulated Amortization		Intangible lease assets, net		Intangible lease assets, gross		Accumulated Amortization		Intangible lease assets, net
Intangible lease assets:
In-place lease intangibles	13.7	$	94,600	$	(8,551)	$	86,049	$	93,121	$	(1,553)	$	91,568
Other lease intangibles (1)	17.9	52,693		(2,212)		50,481		18,556		(303)		18,253
Total intangible lease assets	15.2	$	147,293	$	(10,763)	$	136,530	$	111,677	$	(1,856)	$	109,821

(1)The increase in Other lease intangibles relates to tenant inducements of $33,275 provided in conjunction with new leases signed during the period, as well as amounts due to tenants under existing lease agreements for properties previously under development.

Schedule of Estimated Future Amortization

The estimated future amortization on the Company’s intangible assets for each of the next five years and thereafter as of December 31, 2023 is as follows:

	In-Place Tenant Lease Intangible Assets		Other Lease Intangibles
2024	$	7,186	$	3,086
2025	7,186		3,086
2026	7,186		3,086
2027	7,186		3,086
2028	7,186		3,086
Thereafter	50,119		35,051
Total	$	86,049	$	50,481