Lease Intangibles (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Liabilities Included in Other Assets Net and Accounts Payable and Other Liabilities

Intangible assets and liabilities are included in Other assets, net and Accounts payable and other liabilities (Note 5) on the Consolidated Balance Sheets and summarized as follows (in thousands):

	December 31, 2024									December 31, 2023
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Amortizable Intangible Assets
In-place lease intangible assets	$	336,660		$	(255,899	)	$	80,761		$	327,484		$	(234,808	)	$	92,676
Above-market rent		26,432			(20,340	)		6,092			27,294			(19,376	)		7,918
	$	363,092		$	(276,239	)	$	86,853		$	354,778		$	(254,184	)	$	100,594
Amortizable Intangible Liabilities
Below-market rent	$	(196,239	)	$	118,933		$	(77,306	)	$	(188,098	)	$	114,393		$	(73,705	)
Above-market ground lease		(671	)		443			(228	)		(671	)		382			(289	)
	$	(196,910	)	$	119,376		$	(77,534	)	$	(188,769	)	$	114,775		$	(73,994	)

Scheduled Amortization of Acquired Lease Intangible Assets and Assumed Liabilities

The scheduled amortization of acquired lease intangible assets and assumed liabilities as of December 31, 2024 is as follows (in thousands):

Years Ending December 31,	Net Increase in Rental Revenues		Increase to Amortization Expense			Reduction of Property Operating Expense
2025	$	6,620	$	(22,110	)	$	58
2026		6,094		(17,602	)		58
2027		5,493		(12,569	)		58
2028		5,567		(7,841	)		54
2029		5,435		(4,719	)		—
Thereafter		42,005		(15,920	)		—
Total	$	71,214	$	(80,761	)	$	228