Other Assets and Intangibles, net

6 Months Ended

Jun. 30, 2025

Other Assets [Abstract]

Other Assets and Intangibles, net

3.Other Assets and Intangibles, net

Other assets and intangibles consist of the following (in thousands):

	June 30, 2025
	Asset		Accumulated Amortization			Net
Intangible assets, net:
In-place leases	$	49,909	$	(42,661	)	$	7,248
Above-market leases		3,675		(3,381	)		294
Lease origination costs		5,288		(4,545	)		743
Tenant relationships		20,638		(17,550	)		3,088
Total intangible assets, net		79,510		(68,137	)		11,373
Operating lease ROU assets							15,268
Other assets:
Prepaid expenses							5,800
Other assets							1,206
Deposits							1,794
Total other assets, net						$	35,441
	Liability		Accumulated Amortization			Net
Below-market leases	$	15,600	$	(6,820	)	$	8,780

	December 31, 2024
	Asset		Accumulated Amortization			Net
Intangible assets, net:
In-place leases	$	53,964	$	(45,641	)	$	8,323
Above-market leases		3,855		(3,492	)		363
Lease origination costs		5,732		(4,884	)		848
Tenant relationships		23,894		(20,487	)		3,407
Total intangible assets, net		87,445		(74,504	)		12,941
Operating lease ROU assets							15,818
Other assets:
Prepaid expenses							4,283
Other assets							1,192
Deposits							2,051
Total other assets, net						$	36,285
	Liability		Accumulated Amortization			Net
Below-market leases	$	16,034	$	(6,728	)	$	9,306

Amortization for the three and six months ended June 30, 2025 and 2024 related to the Company’s intangibles was as follows (in thousands):

Period	Income		Expense
Three months ended June 30, 2025	$	166	$	639
Three months ended June 30, 2024		225		2,341
Six months ended June 30, 2025		306		1,472
Six months ended June 30, 2024		782		4,881