Other Assets and Intangibles, net (Tables)

6 Months Ended

Jun. 30, 2025

Other Assets [Abstract]

Components of Other Assets and Intangibles

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

Summary of Amortization Expense Related to the Intangibles

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