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Intangibles
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles Intangibles
The gross carrying amount and accumulated amortization of the Company’s identified intangible lease assets consisted of the following:
March 31, 2026December 31, 2025
Weighted Average Life (Years)Intangible lease assets, grossAccumulated AmortizationIntangible lease assets, netIntangible lease assets, grossAccumulated AmortizationIntangible lease assets, net
Intangible lease assets
In-place lease intangibles13.5$157,146 $(27,477)$129,669 $154,558 $(24,173)$130,385 
Other lease intangibles (1)
12.8136,586 (15,208)121,378 125,195 (12,588)112,607 
Total intangible lease assets13.6$293,732 $(42,685)$251,047 $279,753 $(36,761)$242,992 
(1)    Includes total tenant lease inducement balance of $66,043 and $66,635 as of March 31, 2026 and December 31, 2025.

Amortization expense related to the intangible lease assets for the three months ended March 31, 2026 was $5,994, of which $4,792 and $1,202 is included in Depreciation and amortization and Rental revenue, respectively, within the Condensed Consolidated Statements of Operations. The amount included in rental revenue is related to above-market leases and tenant inducements and is a reduction to revenue.
Amortization expense related to the intangible lease assets for the three months ended March 31, 2025 was $3,511, of which $2,760 and $751 is included in Depreciation and amortization and Rental revenue, respectively, within the Condensed Consolidated Statements of Operations.
The estimated future amortization on the Company’s intangible assets for each of the next five years and thereafter as of March 31, 2026 is as follows:
In-Place Tenant Lease Intangible AssetsOther Lease Intangibles
2026 (remaining)$9,691 $7,753 
202712,921 10,915 
202812,921 10,915 
202912,921 10,915 
203012,920 10,912 
203112,921 10,915 
Thereafter55,374 59,053 
Total $129,669 $121,378 
As of March 31, 2026 and December 31, 2025, the gross carrying amount of the Company’s below-market lease intangibles was $6,202 and $6,148, with accumulated amortization of $988 and $877, respectively. The below-market lease intangibles, net of accumulated amortization, are included in Other liabilities within our Condensed Consolidated Balance Sheets.