Lease Intangibles (Tables)

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Liabilities Included in Other Assets 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 Condensed Consolidated Balance Sheets and summarized as follows (in thousands):

	June 30, 2025									December 31, 2024
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Amortizable Intangible Assets
In-place lease intangible assets	$	396,856		$	(273,567	)		123,289		$	336,660		$	(255,899	)	$	80,761
Above-market rent		29,850			(21,567	)		8,283			26,432			(20,340	)		6,092
	$	426,706		$	(295,134	)	$	131,572		$	363,092		$	(276,239	)	$	86,853
Amortizable Intangible Liabilities
Below-market rent	$	(223,168	)	$	124,391		$	(98,777	)	$	(196,239	)	$	118,933		$	(77,306	)
Above-market ground lease		(671	)		472			(199	)		(671	)		443			(228	)
	$	(223,839	)	$	124,863		$	(98,976	)	$	(196,910	)	$	119,376		$	(77,534	)

Scheduled Amortization of Acquired Lease Intangible Assets and Assumed Liabilities

The following table summarizes the scheduled amortization of acquired lease intangible assets and assumed liabilities as of June 30, 2025 (in thousands):

Years Ending December 31,	Net Increase in Rental Revenues		Increase to Amortization Expense			Reduction of Property Operating Expense
2025 (Remainder)	$	3,926	$	(16,826	)	$	29
2026		7,624		(28,245	)		58
2027		7,181		(21,379	)		58
2028		7,416		(15,360	)		54
2029		7,334		(10,682	)		—
Thereafter		57,013		(30,797	)		—
Total	$	90,494	$	(123,289	)	$	199